A new ecosystem for electric cars - Shai Agassi
so<00:00:16.139> how<00:00:16.260> would<00:00:16.320> you<00:00:16.439> run<00:00:16.680> a<00:00:16.710> whole<00:00:17.189> country
so how would you run a whole country
so how would you run a whole country
without<00:00:18.060> oil<00:00:18.710> that's<00:00:19.710> the<00:00:19.890> question<00:00:20.220> that
without oil that's the question that
without oil that's the question that
sort<00:00:21.180> of<00:00:21.330> hit<00:00:21.509> me<00:00:21.660> in<00:00:21.810> the<00:00:21.930> middle<00:00:22.080> of<00:00:22.290> a<00:00:22.380> Davos
sort of hit me in the middle of a Davos
sort of hit me in the middle of a Davos
afternoon<00:00:23.220> about<00:00:23.430> four<00:00:23.670> years<00:00:23.790> ago<00:00:23.910> and<00:00:24.449> it
afternoon about four years ago and it
afternoon about four years ago and it
never<00:00:25.770> left<00:00:25.980> my<00:00:26.220> brain<00:00:26.460> and<00:00:26.820> I<00:00:27.000> started
never left my brain and I started
never left my brain and I started
playing<00:00:27.449> with<00:00:27.630> it<00:00:27.689> more<00:00:27.990> like<00:00:28.170> puzzle<00:00:28.920> the
playing with it more like puzzle the
playing with it more like puzzle the
original<00:00:30.000> thought<00:00:30.180> I<00:00:30.210> had<00:00:30.480> this<00:00:30.660> must<00:00:30.960> be
original thought I had this must be
original thought I had this must be
ethanol<00:00:31.800> so<00:00:31.980> I<00:00:32.010> went<00:00:32.250> out<00:00:32.340> and<00:00:32.489> researched
ethanol so I went out and researched
ethanol so I went out and researched
ethanol<00:00:33.300> and<00:00:33.449> found<00:00:33.629> out<00:00:33.809> you<00:00:33.840> need<00:00:34.110> the
ethanol and found out you need the
ethanol and found out you need the
Amazon<00:00:34.620> in<00:00:34.739> your<00:00:34.860> backyard<00:00:35.040> in<00:00:35.400> every<00:00:35.610> country
Amazon in your backyard in every country
Amazon in your backyard in every country
about<00:00:37.110> six<00:00:37.410> months<00:00:37.710> later<00:00:37.890> I<00:00:37.980> figured<00:00:38.340> out<00:00:38.460> it
about six months later I figured out it
about six months later I figured out it
must<00:00:38.910> be<00:00:39.090> hydrogen<00:00:39.860> until<00:00:40.860> some<00:00:41.070> scientists
must be hydrogen until some scientists
must be hydrogen until some scientists
told<00:00:41.760> me<00:00:41.820> the<00:00:41.940> unfortunate<00:00:42.510> truth<00:00:42.630> which<00:00:42.960> is
told me the unfortunate truth which is
told me the unfortunate truth which is
you<00:00:43.350> actually<00:00:44.000> use<00:00:45.000> more<00:00:45.300> clean<00:00:46.110> electrons
you actually use more clean electrons
you actually use more clean electrons
than<00:00:46.920> the<00:00:47.010> ones<00:00:47.160> you<00:00:47.309> get<00:00:47.489> inside<00:00:47.820> a<00:00:48.180> car<00:00:48.899> if
than the ones you get inside a car if
than the ones you get inside a car if
you<00:00:49.230> use<00:00:49.379> hydrogen<00:00:49.890> so<00:00:50.070> that's<00:00:50.250> not<00:00:50.460> going<00:00:50.579> to
you use hydrogen so that's not going to
you use hydrogen so that's not going to
be<00:00:50.850> the<00:00:51.510> path<00:00:51.719> to<00:00:51.960> go<00:00:52.110> and<00:00:52.320> then<00:00:52.410> sort<00:00:53.070> of
be the path to go and then sort of
be the path to go and then sort of
through<00:00:53.520> a<00:00:53.550> process<00:00:54.510> of<00:00:54.800> wandering<00:00:55.800> around<00:00:55.890> I
through a process of wandering around I
through a process of wandering around I
got<00:00:56.370> to<00:00:56.550> the<00:00:56.730> thought<00:00:57.480> that<00:00:57.510> actually<00:00:58.140> if<00:00:58.200> you
got to the thought that actually if you
got to the thought that actually if you
could<00:00:58.440> convert<00:00:58.739> an<00:00:58.860> entire<00:00:59.129> country<00:00:59.460> to
could convert an entire country to
could convert an entire country to
electric<00:00:59.969> cars<00:01:00.180> in<00:01:00.780> a<00:01:00.899> way<00:01:01.020> that<00:01:01.199> is
electric cars in a way that is
electric cars in a way that is
convenient<00:01:02.699> and<00:01:02.969> affordable<00:01:03.239> you<00:01:04.020> could<00:01:04.640> get
convenient and affordable you could get
convenient and affordable you could get
to<00:01:05.880> a<00:01:05.910> solution<00:01:06.270> now<00:01:06.720> I<00:01:07.080> started<00:01:07.800> this<00:01:07.890> from<00:01:08.130> a
to a solution now I started this from a
to a solution now I started this from a
point<00:01:08.700> of<00:01:08.820> view<00:01:08.910> that<00:01:08.970> it's<00:01:09.240> it<00:01:09.600> has<00:01:09.899> to<00:01:10.080> be
point of view that it's it has to be
point of view that it's it has to be
something<00:01:10.649> that<00:01:10.680> scales<00:01:11.220> a<00:01:11.430> mass<00:01:11.610> not<00:01:11.970> how<00:01:12.149> do
something that scales a mass not how do
something that scales a mass not how do
you<00:01:12.360> build<00:01:12.570> one<00:01:12.780> car<00:01:13.110> but<00:01:13.770> how<00:01:13.920> do<00:01:13.979> you<00:01:14.130> scale
you build one car but how do you scale
you build one car but how do you scale
this<00:01:14.610> so<00:01:14.760> that<00:01:14.939> it<00:01:15.060> can<00:01:15.390> become<00:01:15.570> something
this so that it can become something
this so that it can become something
that<00:01:16.170> is<00:01:16.409> used<00:01:16.619> by<00:01:16.710> 99%<00:01:17.640> of<00:01:18.030> the<00:01:18.630> population
that is used by 99% of the population
that is used by 99% of the population
the<00:01:20.159> thought<00:01:20.369> that<00:01:20.729> came<00:01:20.909> to<00:01:21.090> mind<00:01:21.270> is<00:01:21.540> that<00:01:21.990> it
the thought that came to mind is that it
the thought that came to mind is that it
needs<00:01:22.260> to<00:01:22.439> be<00:01:22.650> as<00:01:22.860> good<00:01:23.280> as<00:01:23.520> any<00:01:24.210> car<00:01:24.570> that<00:01:24.780> you
needs to be as good as any car that you
needs to be as good as any car that you
would<00:01:25.049> have<00:01:25.229> today<00:01:25.590> so<00:01:25.740> one<00:01:26.490> it<00:01:26.610> has<00:01:26.759> to<00:01:26.909> be
would have today so one it has to be
would have today so one it has to be
more<00:01:27.299> convenient<00:01:27.689> than<00:01:27.960> a<00:01:28.020> car<00:01:28.229> and<00:01:28.500> two<00:01:28.619> has
more convenient than a car and two has
more convenient than a car and two has
to<00:01:28.920> be<00:01:29.040> more<00:01:29.250> affordable<00:01:29.820> than<00:01:30.390> today's<00:01:30.689> cars
to be more affordable than today's cars
to be more affordable than today's cars
and<00:01:31.350> affordable<00:01:32.100> is<00:01:32.250> not<00:01:32.430> a<00:01:32.479> $40,000<00:01:33.479> sedan
and affordable is not a $40,000 sedan
and affordable is not a $40,000 sedan
right<00:01:34.830> that's<00:01:35.280> not<00:01:35.490> something<00:01:35.880> we<00:01:36.030> can
right that's not something we can
right that's not something we can
finance<00:01:36.720> or<00:01:36.900> buy<00:01:37.079> today<00:01:37.460> inconvenient<00:01:38.460> is<00:01:38.549> not
finance or buy today inconvenient is not
finance or buy today inconvenient is not
something<00:01:39.030> you<00:01:39.150> drive<00:01:39.390> for<00:01:39.630> an<00:01:39.720> hour<00:01:39.810> and
something you drive for an hour and
something you drive for an hour and
charge<00:01:40.439> Freight<00:01:40.790> so<00:01:41.790> we're<00:01:41.970> bound<00:01:42.270> with<00:01:43.200> the
charge Freight so we're bound with the
charge Freight so we're bound with the
laws<00:01:43.860> of<00:01:43.890> physics<00:01:44.159> and<00:01:44.670> the<00:01:44.729> laws<00:01:44.790> of
laws of physics and the laws of
laws of physics and the laws of
economics<00:01:45.390> and<00:01:45.960> so<00:01:46.710> the<00:01:46.890> thought<00:01:47.100> that<00:01:47.810> that<00:01:48.810> I
economics and so the thought that that I
economics and so the thought that that I
started<00:01:49.439> with<00:01:49.560> was<00:01:49.799> how<00:01:50.009> do<00:01:50.070> you<00:01:50.159> do<00:01:50.369> this
started with was how do you do this
started with was how do you do this
still<00:01:51.450> within<00:01:51.659> the<00:01:51.869> boundary<00:01:52.259> of<00:01:52.380> the<00:01:52.860> science
still within the boundary of the science
still within the boundary of the science
we<00:01:53.369> know<00:01:53.520> today<00:01:53.700> no<00:01:54.030> time<00:01:54.270> for<00:01:54.540> science<00:01:54.750> fair
we know today no time for science fair
we know today no time for science fair
no<00:01:55.229> time<00:01:55.439> for<00:01:55.770> playing<00:01:56.369> around<00:01:56.520> with<00:01:56.850> things
no time for playing around with things
no time for playing around with things
or<00:01:57.180> waiting<00:01:57.479> for<00:01:57.509> the<00:01:57.689> magic<00:01:57.840> battery<00:01:58.350> to<00:01:58.530> show
or waiting for the magic battery to show
or waiting for the magic battery to show
up<00:01:58.890> how<00:01:59.490> do<00:01:59.549> you<00:01:59.670> do<00:01:59.759> it<00:01:59.820> within<00:02:00.090> economics
up how do you do it within economics
up how do you do it within economics
that<00:02:00.720> we<00:02:00.840> have<00:02:00.930> today<00:02:01.079> how<00:02:01.290> do<00:02:01.350> you<00:02:01.439> do<00:02:01.560> it<00:02:01.590> from
that we have today how do you do it from
that we have today how do you do it from
the<00:02:02.100> power<00:02:02.340> of<00:02:02.520> the<00:02:02.759> consumer<00:02:03.210> up<00:02:03.689> and<00:02:03.930> not
the power of the consumer up and not
the power of the consumer up and not
from<00:02:04.259> the<00:02:04.439> power<00:02:04.649> of<00:02:04.710> an<00:02:04.829> edict<00:02:05.130> down<00:02:05.340> in<00:02:06.079> on<00:02:07.079> a
from the power of an edict down in on a
from the power of an edict down in on a
random<00:02:07.649> visit<00:02:07.979> to<00:02:08.100> Tesla<00:02:08.549> on<00:02:08.759> some<00:02:09.119> afternoon
random visit to Tesla on some afternoon
random visit to Tesla on some afternoon
I<00:02:09.780> actually<00:02:10.140> found<00:02:10.500> out<00:02:10.709> that<00:02:10.860> the<00:02:10.979> answer
I actually found out that the answer
I actually found out that the answer
comes<00:02:11.610> from<00:02:11.959> separating<00:02:12.959> between<00:02:13.200> the<00:02:13.410> car
comes from separating between the car
comes from separating between the car
ownership<00:02:14.070> and<00:02:14.280> the<00:02:15.030> battery<00:02:15.299> ownership<00:02:15.720> in<00:02:16.440> a
ownership and the battery ownership in a
ownership and the battery ownership in a
sense<00:02:16.830> if<00:02:17.010> you<00:02:17.099> want<00:02:17.280> to<00:02:17.340> think<00:02:17.489> about<00:02:17.550> it<00:02:17.819> this
sense if you want to think about it this
sense if you want to think about it this
is<00:02:18.120> the<00:02:18.300> classic<00:02:18.930> batteries<00:02:19.830> not<00:02:20.010> included
is the classic batteries not included
is the classic batteries not included
now<00:02:22.160> if<00:02:22.700> you<00:02:23.300> separate<00:02:23.660> between<00:02:24.020> the<00:02:24.140> two<00:02:24.319> you
now if you separate between the two you
now if you separate between the two you
could<00:02:24.680> actually<00:02:24.860> answer<00:02:25.250> the<00:02:25.849> need<00:02:26.060> for<00:02:26.360> a
could actually answer the need for a
could actually answer the need for a
convenient<00:02:27.560> car<00:02:27.950> by<00:02:28.730> creating<00:02:29.209> a<00:02:29.269> network<00:02:29.540> by
convenient car by creating a network by
convenient car by creating a network by
creating<00:02:30.410> a<00:02:30.670> network<00:02:31.670> before<00:02:32.209> the<00:02:32.390> cars<00:02:32.599> show
creating a network before the cars show
creating a network before the cars show
up<00:02:32.989> and<00:02:33.440> the<00:02:33.560> network<00:02:33.860> has<00:02:34.040> two<00:02:34.250> components<00:02:34.790> in
up and the network has two components in
up and the network has two components in
them<00:02:35.030> first<00:02:35.900> component<00:02:36.440> is<00:02:36.590> you<00:02:37.099> charge<00:02:37.400> the
them first component is you charge the
them first component is you charge the
car<00:02:37.790> whenever<00:02:37.970> you<00:02:38.269> stop<00:02:38.540> ends<00:02:38.870> up<00:02:38.989> that<00:02:39.170> cars
car whenever you stop ends up that cars
car whenever you stop ends up that cars
are<00:02:39.620> these<00:02:39.800> strange<00:02:40.400> beasts<00:02:40.819> that<00:02:40.970> drive<00:02:41.269> for
are these strange beasts that drive for
are these strange beasts that drive for
about<00:02:41.750> two<00:02:41.930> hours<00:02:41.959> in<00:02:42.260> park<00:02:42.680> for<00:02:42.890> about<00:02:43.010> 22
about two hours in park for about 22
about two hours in park for about 22
hours<00:02:43.610> and<00:02:44.050> if<00:02:45.050> you<00:02:45.560> drive<00:02:45.890> a<00:02:45.950> car<00:02:46.160> in<00:02:46.489> the
hours and if you drive a car in the
hours and if you drive a car in the
morning<00:02:46.849> you<00:02:46.940> drive<00:02:47.120> it<00:02:47.269> back<00:02:47.390> in<00:02:47.569> the
morning you drive it back in the
morning you drive it back in the
afternoon<00:02:47.989> the<00:02:48.170> ratio<00:02:48.590> of<00:02:48.769> charge<00:02:49.099> to<00:02:49.400> drive
afternoon the ratio of charge to drive
afternoon the ratio of charge to drive
is<00:02:49.760> about<00:02:49.940> a<00:02:49.970> minute<00:02:50.209> for<00:02:50.510> a<00:02:50.569> minute<00:02:50.870> and<00:02:51.019> so
is about a minute for a minute and so
is about a minute for a minute and so
the<00:02:52.220> first<00:02:52.430> thought<00:02:52.670> that<00:02:52.700> came<00:02:53.000> to<00:02:53.060> mind<00:02:53.360> is
the first thought that came to mind is
the first thought that came to mind is
everywhere<00:02:54.049> we<00:02:54.230> park<00:02:54.530> we<00:02:55.340> have<00:02:55.519> electric
everywhere we park we have electric
everywhere we park we have electric
power<00:02:56.150> now<00:02:56.420> it<00:02:56.540> sounds<00:02:56.690> crazy<00:02:57.049> but<00:02:57.230> in<00:02:57.500> some
power now it sounds crazy but in some
power now it sounds crazy but in some
places<00:02:58.040> around<00:02:58.190> the<00:02:58.430> world<00:02:58.610> like<00:02:59.150> Scandinavia
places around the world like Scandinavia
places around the world like Scandinavia
you<00:03:00.290> already<00:03:00.560> have<00:03:00.709> that<00:03:00.890> if<00:03:01.099> you<00:03:01.459> park<00:03:01.700> your
you already have that if you park your
you already have that if you park your
car<00:03:01.880> and<00:03:02.209> didn't<00:03:02.450> plug<00:03:02.660> in<00:03:02.870> the<00:03:02.989> heater<00:03:03.200> when
car and didn't plug in the heater when
car and didn't plug in the heater when
you<00:03:04.069> come<00:03:04.220> back<00:03:04.370> you<00:03:04.549> don't<00:03:04.730> have<00:03:04.849> a<00:03:04.880> car<00:03:05.150> it
you come back you don't have a car it
you come back you don't have a car it
just<00:03:05.299> doesn't<00:03:05.720> work<00:03:05.840> now<00:03:06.799> that<00:03:07.209> last<00:03:08.209> mile
just doesn't work now that last mile
just doesn't work now that last mile
last<00:03:09.620> foot<00:03:09.980> in<00:03:10.250> a<00:03:10.430> sense<00:03:10.670> is<00:03:10.910> the<00:03:11.329> first<00:03:11.569> step
last foot in a sense is the first step
last foot in a sense is the first step
of<00:03:11.959> the<00:03:12.049> infrastructure<00:03:12.470> the<00:03:12.650> second<00:03:12.980> step<00:03:13.160> of
of the infrastructure the second step of
of the infrastructure the second step of
the<00:03:13.310> infrastructure<00:03:13.819> needs<00:03:14.000> to<00:03:14.090> take<00:03:14.269> care<00:03:14.480> of
the infrastructure needs to take care of
the infrastructure needs to take care of
the<00:03:15.530> range<00:03:15.739> extension<00:03:16.340> see<00:03:16.579> we're<00:03:16.730> bound<00:03:17.000> by
the range extension see we're bound by
the range extension see we're bound by
today's<00:03:18.200> technology<00:03:18.739> on<00:03:18.829> batteries<00:03:19.220> which<00:03:19.430> is
today's technology on batteries which is
today's technology on batteries which is
about<00:03:19.970> a<00:03:20.000> hundred<00:03:20.420> and<00:03:20.450> twenty<00:03:20.750> miles<00:03:20.930> if<00:03:21.170> you
about a hundred and twenty miles if you
about a hundred and twenty miles if you
want<00:03:21.440> to<00:03:21.530> stay<00:03:21.680> within<00:03:21.890> reasonable<00:03:22.630> space<00:03:23.630> and
want to stay within reasonable space and
want to stay within reasonable space and
and<00:03:24.349> wait<00:03:24.920> limitations<00:03:25.579> in<00:03:25.700> a<00:03:25.819> 120<00:03:26.660> miles<00:03:26.840> is<00:03:27.079> a
and wait limitations in a 120 miles is a
and wait limitations in a 120 miles is a
good<00:03:27.829> enough<00:03:28.069> range<00:03:28.370> for<00:03:28.579> a<00:03:28.609> lot<00:03:28.760> of<00:03:28.790> people
good enough range for a lot of people
good enough range for a lot of people
but<00:03:29.269> you<00:03:29.329> never<00:03:29.750> want<00:03:30.019> to<00:03:30.079> get<00:03:30.230> stuck<00:03:30.560> and<00:03:30.859> so
but you never want to get stuck and so
but you never want to get stuck and so
what<00:03:31.130> we<00:03:31.250> added<00:03:31.489> as<00:03:31.609> a<00:03:31.639> second<00:03:32.180> element<00:03:32.569> to<00:03:32.690> our
what we added as a second element to our
what we added as a second element to our
network<00:03:33.109> which<00:03:33.319> is<00:03:33.470> a<00:03:33.500> battery<00:03:34.220> swap<00:03:34.609> system
network which is a battery swap system
network which is a battery swap system
you<00:03:35.870> drive
you drive
you drive
you<00:03:37.130> take<00:03:37.340> your<00:03:37.489> depleted<00:03:38.180> battery<00:03:38.480> out<00:03:38.510> a
you take your depleted battery out a
you take your depleted battery out a
full<00:03:39.139> battery<00:03:39.319> comes<00:03:39.680> on<00:03:39.920> and<00:03:40.489> you<00:03:40.609> drive<00:03:40.850> on
full battery comes on and you drive on
full battery comes on and you drive on
and<00:03:41.299> you<00:03:41.359> don't<00:03:41.540> do<00:03:41.690> it<00:03:41.810> as<00:03:41.900> a<00:03:41.930> human<00:03:42.230> being<00:03:42.410> you
and you don't do it as a human being you
and you don't do it as a human being you
do<00:03:42.620> it<00:03:42.709> as<00:03:42.799> a<00:03:42.829> machine<00:03:43.160> it<00:03:43.370> looks<00:03:43.579> like<00:03:43.760> a<00:03:43.790> car
do it as a machine it looks like a car
do it as a machine it looks like a car
wash<00:03:44.299> you<00:03:44.630> come<00:03:44.870> into<00:03:45.019> your<00:03:45.139> car<00:03:45.709> wash<00:03:45.920> and<00:03:46.190> the
wash you come into your car wash and the
wash you come into your car wash and the
plate<00:03:46.910> comes<00:03:47.209> up<00:03:47.389> hold<00:03:47.690> your<00:03:47.750> battery<00:03:48.139> takes
plate comes up hold your battery takes
plate comes up hold your battery takes
it<00:03:48.560> out<00:03:48.650> and<00:03:48.680> puts<00:03:48.829> them<00:03:49.100> back<00:03:49.250> in<00:03:49.310> and<00:03:49.730> within
it out and puts them back in and within
it out and puts them back in and within
two<00:03:50.420> minutes<00:03:50.720> you're<00:03:50.810> back<00:03:51.260> on<00:03:51.500> the<00:03:51.650> road<00:03:51.829> and
two minutes you're back on the road and
two minutes you're back on the road and
you<00:03:52.400> can<00:03:52.549> go<00:03:52.670> again<00:03:53.000> if<00:03:53.470> you<00:03:54.470> had<00:03:54.680> charged
you can go again if you had charged
you can go again if you had charged
spots<00:03:55.609> everywhere<00:03:55.940> and<00:03:56.299> you<00:03:56.600> had<00:03:56.720> battery
spots everywhere and you had battery
spots everywhere and you had battery
swap<00:03:57.410> stations<00:03:57.859> everywhere<00:03:58.220> how<00:03:58.670> often<00:03:59.060> would
swap stations everywhere how often would
swap stations everywhere how often would
you<00:03:59.209> do<00:03:59.450> it<00:03:59.569> it<00:03:59.660> ends<00:04:00.049> up<00:04:00.170> that<00:04:01.040> you<00:04:01.160> do
you do it it ends up that you do
you do it it ends up that you do
swapping<00:04:02.299> less<00:04:02.569> times<00:04:02.870> and<00:04:03.079> you<00:04:03.170> stop<00:04:03.470> at<00:04:03.650> a
swapping less times and you stop at a
swapping less times and you stop at a
gas<00:04:03.859> station<00:04:03.920> as<00:04:04.730> a<00:04:04.790> matter<00:04:04.940> of<00:04:05.030> fact<00:04:05.239> we<00:04:05.480> add
gas station as a matter of fact we add
gas station as a matter of fact we add
it<00:04:05.930> to<00:04:05.959> the<00:04:06.200> contract<00:04:06.650> we<00:04:07.639> said<00:04:07.849> that<00:04:07.970> if<00:04:08.090> you
it to the contract we said that if you
it to the contract we said that if you
stopped<00:04:08.569> to<00:04:08.780> swap<00:04:09.019> your<00:04:09.139> battery<00:04:09.440> more<00:04:09.650> than
stopped to swap your battery more than
stopped to swap your battery more than
50<00:04:10.099> times<00:04:10.310> a<00:04:10.459> year<00:04:10.670> we<00:04:10.790> start<00:04:11.060> paying<00:04:11.329> you
50 times a year we start paying you
50 times a year we start paying you
money<00:04:11.660> because<00:04:12.319> it's<00:04:12.650> an<00:04:12.769> inconvenience<00:04:13.630> then
money because it's an inconvenience then
money because it's an inconvenience then
we<00:04:14.780> looked<00:04:15.019> at<00:04:15.139> the<00:04:15.769> question<00:04:16.130> of<00:04:16.160> the
we looked at the question of the
we looked at the question of the
affordability<00:04:16.789> and<00:04:17.090> we<00:04:17.180> looked<00:04:17.389> at<00:04:17.510> the
affordability and we looked at the
affordability and we looked at the
question<00:04:17.690> what<00:04:18.049> happens<00:04:18.440> when<00:04:18.590> the<00:04:18.709> battery
question what happens when the battery
question what happens when the battery
is<00:04:19.190> disconnected<00:04:19.400> from<00:04:19.910> the<00:04:20.150> car<00:04:20.359> what<00:04:21.079> is<00:04:21.200> the
is disconnected from the car what is the
is disconnected from the car what is the
cost<00:04:21.739> of<00:04:22.160> that<00:04:22.250> battery<00:04:22.970> everybody<00:04:23.360> tells<00:04:23.630> us
cost of that battery everybody tells us
cost of that battery everybody tells us
batteries<00:04:24.139> are<00:04:24.260> so<00:04:24.410> expensive<00:04:24.740> and<00:04:25.190> what<00:04:25.550> we
batteries are so expensive and what we
batteries are so expensive and what we
found<00:04:25.849> out<00:04:26.090> that<00:04:26.660> when<00:04:26.840> you<00:04:26.930> move<00:04:27.080> from
found out that when you move from
found out that when you move from
molecules<00:04:27.770> to<00:04:27.830> electrons<00:04:28.340> something
molecules to electrons something
molecules to electrons something
interesting<00:04:29.419> happens<00:04:29.780> we<00:04:29.930> can<00:04:30.080> go<00:04:30.200> back<00:04:30.470> to
interesting happens we can go back to
interesting happens we can go back to
the<00:04:30.800> original<00:04:30.890> economics<00:04:31.729> of<00:04:31.820> the<00:04:31.880> car<00:04:32.060> and
the original economics of the car and
the original economics of the car and
look<00:04:32.330> at<00:04:32.450> it<00:04:32.539> again<00:04:32.840> the<00:04:33.650> battery<00:04:34.010> is<00:04:34.190> not<00:04:34.400> the
look at it again the battery is not the
look at it again the battery is not the
gas
gas
gas
stank<00:04:35.120> in<00:04:35.300> a<00:04:35.390> sense<00:04:35.630> remember<00:04:36.410> in<00:04:36.560> your<00:04:36.830> car
stank in a sense remember in your car
stank in a sense remember in your car
you<00:04:37.220> have<00:04:37.340> a<00:04:37.370> gas<00:04:37.610> tank<00:04:37.940> you<00:04:38.450> have<00:04:38.570> the<00:04:38.690> crude
you have a gas tank you have the crude
you have a gas tank you have the crude
oil<00:04:39.050> and<00:04:39.290> you<00:04:39.410> have<00:04:39.500> refining<00:04:40.010> and<00:04:40.130> delivery
oil and you have refining and delivery
oil and you have refining and delivery
of<00:04:40.520> that<00:04:40.640> crude<00:04:40.910> oil<00:04:41.060> is<00:04:41.240> what<00:04:41.660> we<00:04:41.750> call<00:04:41.930> petrol
of that crude oil is what we call petrol
of that crude oil is what we call petrol
or<00:04:42.350> gasoline<00:04:42.850> the<00:04:43.850> battery<00:04:44.270> in<00:04:44.600> this<00:04:45.530> sense<00:04:45.800> is
or gasoline the battery in this sense is
or gasoline the battery in this sense is
the<00:04:46.610> crude<00:04:46.820> oil<00:04:46.970> we<00:04:47.810> have<00:04:47.960> a<00:04:47.990> battery<00:04:48.290> bay<00:04:48.620> it
the crude oil we have a battery bay it
the crude oil we have a battery bay it
costs<00:04:49.130> the<00:04:49.490> same<00:04:49.730> hundred<00:04:50.120> dollar<00:04:50.270> as<00:04:50.570> the<00:04:50.720> gas
costs the same hundred dollar as the gas
costs the same hundred dollar as the gas
tank<00:04:51.370> but<00:04:52.370> the<00:04:52.520> crude<00:04:52.790> oil<00:04:52.940> is<00:04:53.210> replaced<00:04:53.570> with
tank but the crude oil is replaced with
tank but the crude oil is replaced with
a<00:04:53.750> battery<00:04:54.140> just<00:04:54.320> it<00:04:54.470> doesn't<00:04:54.680> burn<00:04:54.980> it
a battery just it doesn't burn it
a battery just it doesn't burn it
consumes<00:04:56.210> itself<00:04:56.510> step<00:04:57.110> after<00:04:57.380> step<00:04:57.530> it<00:04:57.920> has
consumes itself step after step it has
consumes itself step after step it has
2000<00:04:59.390> life<00:04:59.510> cycles<00:04:59.960> these<00:05:00.110> days<00:05:00.350> and<00:05:00.710> so<00:05:01.070> it's
2000 life cycles these days and so it's
2000 life cycles these days and so it's
sort<00:05:01.640> of<00:05:01.700> a<00:05:01.790> mini<00:05:02.000> well<00:05:02.240> we<00:05:03.140> were<00:05:03.260> asked<00:05:03.650> in<00:05:03.740> the
sort of a mini well we were asked in the
sort of a mini well we were asked in the
past<00:05:03.980> when<00:05:04.250> we<00:05:04.340> bought<00:05:04.520> an<00:05:04.640> electric<00:05:04.790> car<00:05:05.120> to
past when we bought an electric car to
past when we bought an electric car to
pay<00:05:05.480> for<00:05:05.690> the<00:05:05.810> entire<00:05:06.140> well<00:05:06.560> for<00:05:06.950> the<00:05:07.040> life<00:05:07.250> of
pay for the entire well for the life of
pay for the entire well for the life of
the<00:05:07.550> car<00:05:07.760> nobody<00:05:08.120> wants<00:05:08.570> to<00:05:08.600> buy<00:05:08.810> a<00:05:08.840> mini<00:05:09.230> well
the car nobody wants to buy a mini well
the car nobody wants to buy a mini well
when<00:05:09.650> they<00:05:09.740> buy<00:05:09.890> a<00:05:09.920> car<00:05:10.190> in<00:05:10.490> a<00:05:11.150> sense<00:05:11.390> what
when they buy a car in a sense what
when they buy a car in a sense what
we've<00:05:11.690> done<00:05:11.900> is<00:05:12.140> we<00:05:12.350> created<00:05:12.680> a<00:05:12.800> new
we've done is we created a new
we've done is we created a new
consumable<00:05:14.300> you<00:05:15.050> today<00:05:15.350> buy<00:05:15.560> gasoline<00:05:15.890> miles
consumable you today buy gasoline miles
consumable you today buy gasoline miles
and<00:05:16.670> we<00:05:16.760> created<00:05:17.200> electric<00:05:18.200> miles<00:05:18.770> and<00:05:19.130> the
and we created electric miles and the
and we created electric miles and the
price<00:05:20.030> of<00:05:20.240> electric<00:05:20.630> miles
price of electric miles
price of electric miles
ends<00:05:21.320> up<00:05:21.410> being<00:05:21.590> a<00:05:21.800> very<00:05:22.040> interesting<00:05:22.340> number
ends up being a very interesting number
ends up being a very interesting number
today<00:05:23.720> 2010<00:05:24.560> in<00:05:24.770> volume<00:05:25.250> when<00:05:25.400> we<00:05:25.580> come<00:05:25.790> to
today 2010 in volume when we come to
today 2010 in volume when we come to
market<00:05:26.150> it<00:05:26.480> is<00:05:26.990> eight<00:05:27.230> cents<00:05:27.710> a<00:05:27.890> mile<00:05:28.270> those<00:05:29.270> of
market it is eight cents a mile those of
market it is eight cents a mile those of
you<00:05:29.570> who<00:05:29.660> have<00:05:29.780> a<00:05:29.810> hard<00:05:30.110> time<00:05:30.290> calculating
you who have a hard time calculating
you who have a hard time calculating
what<00:05:30.980> that<00:05:31.130> means<00:05:31.340> in<00:05:31.550> the<00:05:32.300> average<00:05:32.980> consumer
what that means in the average consumer
what that means in the average consumer
environment<00:05:34.790> we're<00:05:35.120> in<00:05:35.240> in<00:05:35.390> the<00:05:35.450> u.s.<00:05:35.780> 20
environment we're in in the u.s. 20
environment we're in in the u.s. 20
miles<00:05:36.440> per<00:05:36.530> gallon<00:05:36.890> that's<00:05:37.010> a<00:05:37.160> buck<00:05:37.370> 50<00:05:37.730> a<00:05:37.760> buck
miles per gallon that's a buck 50 a buck
miles per gallon that's a buck 50 a buck
60<00:05:38.150> a<00:05:38.540> gallon<00:05:39.200> that's<00:05:39.320> cheaper<00:05:39.770> than<00:05:39.800> today's
60 a gallon that's cheaper than today's
60 a gallon that's cheaper than today's
gasoline<00:05:40.850> even<00:05:41.330> in<00:05:41.510> the<00:05:41.660> u.s.<00:05:41.990> in<00:05:42.880> Europe
gasoline even in the u.s. in Europe
gasoline even in the u.s. in Europe
where<00:05:44.090> taxes<00:05:44.660> are<00:05:44.990> in<00:05:45.500> place<00:05:45.770> that's<00:05:46.520> the
where taxes are in place that's the
where taxes are in place that's the
equivalent<00:05:47.300> to<00:05:47.690> ace<00:05:47.840> my<00:05:47.870> nough<00:05:48.350> $60<00:05:49.100> barrel
equivalent to ace my nough $60 barrel
equivalent to ace my nough $60 barrel
but<00:05:51.470> e<00:05:52.060> miles<00:05:53.060> follow<00:05:53.480> Moore's<00:05:53.900> law<00:05:54.220> they<00:05:55.220> go
but e miles follow Moore's law they go
but e miles follow Moore's law they go
from<00:05:55.700> 8<00:05:55.880> cents<00:05:56.210> a<00:05:56.360> mile<00:05:56.510> in<00:05:56.720> 2010<00:05:57.370> to<00:05:58.370> 4<00:05:58.610> cents<00:05:58.880> a
from 8 cents a mile in 2010 to 4 cents a
from 8 cents a mile in 2010 to 4 cents a
mile<00:05:59.180> in<00:05:59.419> 2015<00:06:00.290> to<00:06:01.100> 2<00:06:01.310> cents<00:06:01.640> a<00:06:01.820> mile<00:06:02.000> by<00:06:02.690> 2020
mile in 2015 to 2 cents a mile by 2020
mile in 2015 to 2 cents a mile by 2020
why<00:06:04.340> because<00:06:05.150> battery's<00:06:05.660> life<00:06:05.840> cycle<00:06:06.410> improve
why because battery's life cycle improve
why because battery's life cycle improve
a<00:06:07.580> bit<00:06:07.880> of<00:06:08.000> improvement<00:06:08.510> on<00:06:08.630> energy<00:06:09.020> density
a bit of improvement on energy density
a bit of improvement on energy density
which<00:06:09.470> reduces<00:06:10.070> the<00:06:10.190> price<00:06:10.400> and<00:06:10.760> these<00:06:11.450> prices
which reduces the price and these prices
which reduces the price and these prices
are<00:06:12.140> actually<00:06:12.290> with<00:06:12.680> clean<00:06:13.040> electron<00:06:13.550> we<00:06:13.760> do
are actually with clean electron we do
are actually with clean electron we do
not<00:06:14.060> use<00:06:14.360> any<00:06:14.660> electron<00:06:15.230> that<00:06:15.770> come<00:06:16.040> from<00:06:16.340> coal
not use any electron that come from coal
not use any electron that come from coal
so<00:06:17.750> in<00:06:17.870> a<00:06:17.960> sense<00:06:18.200> this<00:06:18.470> is<00:06:18.530> an<00:06:19.060> absolute<00:06:20.060> zero
so in a sense this is an absolute zero
so in a sense this is an absolute zero
carbon<00:06:20.840> zero<00:06:21.290> fossil<00:06:21.800> fuel<00:06:22.330> electric<00:06:23.330> mile<00:06:23.570> at
carbon zero fossil fuel electric mile at
carbon zero fossil fuel electric mile at
two<00:06:24.470> cents<00:06:24.770> a<00:06:24.950> mile<00:06:25.160> by<00:06:25.790> 2020<00:06:26.419> now<00:06:26.540> even<00:06:26.810> if<00:06:26.930> we
two cents a mile by 2020 now even if we
two cents a mile by 2020 now even if we
get<00:06:27.230> to<00:06:27.290> 40<00:06:27.830> miles<00:06:28.040> per<00:06:28.280> gallon<00:06:28.610> by<00:06:28.640> 2020<00:06:29.330> which
get to 40 miles per gallon by 2020 which
get to 40 miles per gallon by 2020 which
is<00:06:29.630> our<00:06:29.750> desire<00:06:30.080> imagine<00:06:30.440> only<00:06:30.860> 40<00:06:31.160> miles<00:06:31.340> per
is our desire imagine only 40 miles per
is our desire imagine only 40 miles per
gallon<00:06:31.850> cars<00:06:32.060> would<00:06:32.270> be<00:06:32.390> on<00:06:32.480> the<00:06:32.570> road<00:06:32.720> that<00:06:33.410> is
gallon cars would be on the road that is
gallon cars would be on the road that is
an<00:06:33.710> 80<00:06:33.890> cent<00:06:34.280> gallon<00:06:34.930> 80<00:06:35.930> cent<00:06:36.290> gala<00:06:36.470> means<00:06:36.710> if
an 80 cent gallon 80 cent gala means if
an 80 cent gallon 80 cent gala means if
the<00:06:37.040> entire<00:06:37.340> Pacific<00:06:37.940> would<00:06:38.060> convert<00:06:38.480> to
the entire Pacific would convert to
the entire Pacific would convert to
crude<00:06:38.840> oil<00:06:39.050> and<00:06:39.410> we'll<00:06:39.890> let<00:06:40.040> any<00:06:40.250> oil<00:06:40.550> company
crude oil and we'll let any oil company
crude oil and we'll let any oil company
bring<00:06:41.720> it<00:06:41.840> out<00:06:41.960> and<00:06:42.140> refine<00:06:42.470> it<00:06:42.500> they<00:06:42.830> still
bring it out and refine it they still
bring it out and refine it they still
can't<00:06:43.400> compete<00:06:43.729> with<00:06:44.300> 2<00:06:44.539> cents<00:06:44.840> a<00:06:44.990> mile<00:06:45.880> that's
can't compete with 2 cents a mile that's
can't compete with 2 cents a mile that's
a<00:06:47.030> new<00:06:47.210> economic<00:06:47.750> factor<00:06:48.410> which<00:06:48.590> is
a new economic factor which is
a new economic factor which is
fascinating<00:06:49.740> to<00:06:49.860> most<00:06:50.040> people<00:06:50.340> now<00:06:50.669> this
fascinating to most people now this
fascinating to most people now this
would<00:06:51.000> have<00:06:51.120> been<00:06:51.210> a<00:06:51.270> wonderful<00:06:51.780> paper<00:06:51.960> so
would have been a wonderful paper so
would have been a wonderful paper so
that's<00:06:52.800> how<00:06:52.919> I<00:06:52.949> solved<00:06:53.370> it<00:06:53.430> in<00:06:53.550> my<00:06:53.610> head<00:06:53.759> it<00:06:53.850> was
that's how I solved it in my head it was
that's how I solved it in my head it was
a<00:06:53.970> white<00:06:54.210> paper<00:06:54.389> I<00:06:54.540> handed<00:06:54.840> out<00:06:54.930> to
a white paper I handed out to
a white paper I handed out to
governments<00:06:55.620> and<00:06:55.710> some<00:06:56.250> governments<00:06:56.699> told<00:06:56.880> me
governments and some governments told me
governments and some governments told me
that<00:06:57.120> it's<00:06:57.240> fascinating<00:06:57.690> that<00:06:57.960> the<00:06:58.080> young
that it's fascinating that the young
that it's fascinating that the young
generation<00:06:58.229> actually<00:06:59.070> thinks<00:06:59.310> about<00:06:59.520> these
generation actually thinks about these
generation actually thinks about these
things<00:07:00.979> until<00:07:01.979> we<00:07:02.039> got<00:07:02.580> to<00:07:02.789> the<00:07:02.970> true<00:07:03.419> young
things until we got to the true young
things until we got to the true young
global<00:07:03.840> leader<00:07:04.169> Shimon<00:07:04.560> Peres<00:07:04.770> president<00:07:05.280> of
global leader Shimon Peres president of
global leader Shimon Peres president of
Israel<00:07:05.759> and<00:07:05.910> he<00:07:06.539> ran<00:07:06.870> a<00:07:06.900> beautiful
Israel and he ran a beautiful
Israel and he ran a beautiful
manipulation<00:07:08.280> on<00:07:08.430> me<00:07:08.550> first<00:07:09.419> he<00:07:09.600> let<00:07:09.750> me<00:07:09.870> go<00:07:10.020> to
manipulation on me first he let me go to
manipulation on me first he let me go to
the<00:07:10.289> prime<00:07:10.530> minister<00:07:10.560> of<00:07:10.889> the<00:07:11.009> country<00:07:11.310> who
the prime minister of the country who
the prime minister of the country who
told<00:07:11.610> me<00:07:11.729> if<00:07:11.910> you<00:07:12.030> can<00:07:12.180> find<00:07:12.479> the<00:07:12.600> money<00:07:12.750> you
told me if you can find the money you
told me if you can find the money you
need<00:07:13.050> for<00:07:13.080> this<00:07:13.350> network<00:07:13.590> two<00:07:13.949> hundred
need for this network two hundred
need for this network two hundred
million<00:07:14.430> dollars<00:07:14.729> and<00:07:14.910> if<00:07:15.389> you<00:07:15.509> can<00:07:15.660> find<00:07:15.870> a
million dollars and if you can find a
million dollars and if you can find a
car<00:07:16.169> company<00:07:16.410> that<00:07:17.250> will<00:07:17.370> build<00:07:17.789> that<00:07:17.880> car<00:07:18.210> in
car company that will build that car in
car company that will build that car in
mass<00:07:18.690> volume<00:07:18.960> in<00:07:19.259> two<00:07:19.470> million<00:07:19.770> cars<00:07:20.009> that's
mass volume in two million cars that's
mass volume in two million cars that's
what<00:07:20.370> we<00:07:20.759> needed<00:07:20.910> in<00:07:21.090> Israel<00:07:21.479> I'll<00:07:21.990> give<00:07:22.289> you<00:07:22.410> a
what we needed in Israel I'll give you a
what we needed in Israel I'll give you a
country<00:07:22.949> to<00:07:23.699> invest<00:07:23.789> the<00:07:24.150> 200<00:07:24.510> million<00:07:24.630> into
country to invest the 200 million into
country to invest the 200 million into
Paris<00:07:26.760> thought<00:07:27.000> that<00:07:27.180> was<00:07:27.330> a<00:07:27.360> great<00:07:27.630> idea<00:07:27.810> so
Paris thought that was a great idea so
Paris thought that was a great idea so
we<00:07:29.580> went<00:07:29.789> out<00:07:29.940> and<00:07:29.970> we<00:07:30.240> we<00:07:31.110> looked<00:07:31.350> at<00:07:31.500> all<00:07:31.740> the
we went out and we we looked at all the
we went out and we we looked at all the
car<00:07:32.010> companies<00:07:32.039> we<00:07:32.460> send<00:07:32.699> letters<00:07:33.030> to<00:07:33.060> all<00:07:33.300> the
car companies we send letters to all the
car companies we send letters to all the
car<00:07:33.630> companies<00:07:33.660> three<00:07:34.320> of<00:07:34.410> them<00:07:34.500> never<00:07:34.680> showed
car companies three of them never showed
car companies three of them never showed
up<00:07:35.010> one<00:07:35.400> of<00:07:35.520> them<00:07:35.610> asked<00:07:36.000> us<00:07:36.090> if<00:07:36.240> we<00:07:36.360> would<00:07:36.479> stay
up one of them asked us if we would stay
up one of them asked us if we would stay
with<00:07:36.750> hybrids<00:07:37.260> and<00:07:37.350> they<00:07:37.440> will<00:07:37.560> give<00:07:37.710> us<00:07:37.830> a
with hybrids and they will give us a
with hybrids and they will give us a
discount
discount
discount
but<00:07:39.750> one<00:07:39.900> of<00:07:39.930> them<00:07:40.110> Carlos<00:07:40.560> go<00:07:40.740> and<00:07:40.889> see<00:07:41.070> over
but one of them Carlos go and see over
but one of them Carlos go and see over
an<00:07:41.520> O<00:07:41.639> and<00:07:41.820> Nissan<00:07:42.270> when<00:07:43.139> asked<00:07:43.470> about<00:07:43.500> hybrids
an O and Nissan when asked about hybrids
an O and Nissan when asked about hybrids
said<00:07:44.280> something<00:07:44.580> very<00:07:44.610> fascinating<00:07:45.270> said
said something very fascinating said
said something very fascinating said
hybrids<00:07:45.870> are<00:07:45.960> like<00:07:46.139> mermaids<00:07:46.940> when<00:07:47.940> you<00:07:48.030> want
hybrids are like mermaids when you want
hybrids are like mermaids when you want
a<00:07:48.360> fish<00:07:48.599> you<00:07:48.810> get<00:07:48.990> a<00:07:49.020> woman<00:07:49.380> and<00:07:49.560> when<00:07:49.650> you<00:07:49.740> need
a fish you get a woman and when you need
a fish you get a woman and when you need
a<00:07:49.919> woman<00:07:50.130> you<00:07:50.460> get<00:07:50.669> a<00:07:50.699> fish<00:07:52.639> and<00:07:53.750> gone<00:07:54.750> came<00:07:55.050> up
a woman you get a fish and gone came up
a woman you get a fish and gone came up
and<00:07:55.380> said<00:07:55.560> I<00:07:55.710> have<00:07:56.039> the<00:07:56.250> car<00:07:56.460> mr.<00:07:56.760> Paris<00:07:57.030> I<00:07:57.180> will
and said I have the car mr. Paris I will
and said I have the car mr. Paris I will
build<00:07:57.599> you<00:07:57.810> the<00:07:57.960> cars<00:07:58.199> and<00:07:58.440> he<00:07:58.500> actually<00:07:58.860> true
build you the cars and he actually true
build you the cars and he actually true
to<00:07:59.130> form<00:07:59.460> Renault<00:07:59.970> has<00:08:00.090> put<00:08:00.270> a<00:08:00.300> billion<00:08:00.660> and<00:08:00.750> a
to form Renault has put a billion and a
to form Renault has put a billion and a
half<00:08:00.870> dollars<00:08:01.349> in<00:08:01.380> building<00:08:01.680> nine<00:08:02.370> different
half dollars in building nine different
half dollars in building nine different
types<00:08:02.940> of<00:08:03.120> cars<00:08:03.389> that<00:08:03.510> fit<00:08:03.900> this<00:08:04.080> kind<00:08:04.380> of
types of cars that fit this kind of
types of cars that fit this kind of
model<00:08:04.770> that<00:08:04.800> will<00:08:05.010> come<00:08:05.190> into<00:08:05.310> the<00:08:05.460> market<00:08:05.820> in
model that will come into the market in
model that will come into the market in
mass<00:08:06.570> volume<00:08:06.810> mass<00:08:07.650> volume<00:08:08.099> being<00:08:08.280> the<00:08:08.520> first
mass volume mass volume being the first
mass volume mass volume being the first
year<00:08:09.060> a<00:08:09.090> hundred<00:08:09.300> thousand<00:08:09.870> cars<00:08:10.080> it's<00:08:10.979> the
year a hundred thousand cars it's the
year a hundred thousand cars it's the
first<00:08:11.430> mass<00:08:11.729> volume<00:08:11.970> electric<00:08:12.599> car<00:08:12.750> zero
first mass volume electric car zero
first mass volume electric car zero
emission<00:08:13.349> electric<00:08:13.530> car<00:08:13.889> in<00:08:14.550> the<00:08:14.729> market<00:08:15.120> I
emission electric car in the market I
emission electric car in the market I
was<00:08:17.220> running<00:08:18.120> as<00:08:18.270> Chris<00:08:18.870> said<00:08:18.900> to<00:08:19.260> be<00:08:19.380> the<00:08:19.530> CEO
was running as Chris said to be the CEO
was running as Chris said to be the CEO
of<00:08:19.889> a<00:08:20.490> large<00:08:20.520> software<00:08:21.120> company<00:08:21.210> at<00:08:21.720> called<00:08:21.930> s
of a large software company at called s
of a large software company at called s
AP<00:08:22.409> and<00:08:22.650> then<00:08:23.070> Paris<00:08:23.430> said<00:08:24.030> well<00:08:24.590> once<00:08:25.590> you<00:08:25.740> run
AP and then Paris said well once you run
AP and then Paris said well once you run
this<00:08:26.039> project<00:08:26.250> and<00:08:26.550> I<00:08:26.580> said<00:08:26.760> well<00:08:26.880> I'm<00:08:26.970> ready
this project and I said well I'm ready
this project and I said well I'm ready
for<00:08:27.599> CEO<00:08:27.870> and<00:08:27.990> he<00:08:28.050> said<00:08:28.229> no<00:08:28.380> no<00:08:28.470> no<00:08:28.590> no<00:08:28.620> no<00:08:28.830> you
for CEO and he said no no no no no you
for CEO and he said no no no no no you
got<00:08:29.849> to<00:08:29.970> explain<00:08:30.210> to<00:08:30.300> me<00:08:30.570> what<00:08:31.380> is<00:08:31.500> more
got to explain to me what is more
got to explain to me what is more
important<00:08:32.130> than<00:08:32.190> saving<00:08:32.400> your<00:08:32.700> country<00:08:32.969> and
important than saving your country and
important than saving your country and
saving<00:08:33.390> the<00:08:33.479> world<00:08:33.659> that<00:08:33.900> you<00:08:33.990> would<00:08:34.110> go<00:08:34.289> and
saving the world that you would go and
saving the world that you would go and
do<00:08:34.589> and<00:08:34.860> I<00:08:34.950> had<00:08:35.130> to<00:08:35.250> quit<00:08:35.400> and<00:08:35.729> come<00:08:35.880> do<00:08:36.060> this
do and I had to quit and come do this
do and I had to quit and come do this
thing<00:08:36.450> called<00:08:36.479> better<00:08:37.409> place<00:08:37.680> now<00:08:38.010> we<00:08:38.610> then
thing called better place now we then
thing called better place now we then
decided<00:08:39.150> to<00:08:39.330> scale<00:08:39.570> it<00:08:39.750> up<00:08:39.839> we<00:08:40.200> went<00:08:40.380> to<00:08:40.500> other
decided to scale it up we went to other
decided to scale it up we went to other
countries<00:08:41.010> as<00:08:41.130> I<00:08:41.219> said<00:08:41.430> we<00:08:41.520> went<00:08:41.729> to<00:08:41.820> Denmark
countries as I said we went to Denmark
countries as I said we went to Denmark
and<00:08:42.500> Denmark<00:08:43.500> said<00:08:43.740> this<00:08:43.950> beautiful<00:08:44.520> policy
and Denmark said this beautiful policy
and Denmark said this beautiful policy
it's<00:08:45.060> called<00:08:45.240> the<00:08:45.360> IQ<00:08:45.779> test<00:08:46.050> it's<00:08:46.260> inversely
it's called the IQ test it's inversely
it's called the IQ test it's inversely
proportional<00:08:47.370> to<00:08:47.400> taxes<00:08:47.970> they<00:08:48.570> put<00:08:48.810> a<00:08:48.839> hundred
proportional to taxes they put a hundred
proportional to taxes they put a hundred
and<00:08:49.320> eighty<00:08:49.410> percent<00:08:49.620> tax<00:08:50.130> on<00:08:50.370> gasoline<00:08:51.300> cars
and eighty percent tax on gasoline cars
and eighty percent tax on gasoline cars
and<00:08:52.080> zero<00:08:52.290> tax<00:08:52.560> on<00:08:52.770> zero<00:08:53.040> emission<00:08:53.400> cars<00:08:53.900> so<00:08:54.900> if
and zero tax on zero emission cars so if
and zero tax on zero emission cars so if
you<00:08:55.140> want<00:08:55.320> to<00:08:55.380> buy<00:08:55.500> a<00:08:55.529> gasoline<00:08:56.040> car<00:08:56.279> in
you want to buy a gasoline car in
you want to buy a gasoline car in
Denmark<00:08:56.970> it<00:08:57.120> cost<00:08:57.300> you<00:08:57.420> about<00:08:57.480> sixty<00:08:57.900> thousand
Denmark it cost you about sixty thousand
Denmark it cost you about sixty thousand
euros<00:08:58.500> if<00:08:58.620> you<00:08:58.709> buy<00:08:58.860> our<00:08:58.890> car<00:08:59.220> it's<00:08:59.339> about
euros if you buy our car it's about
euros if you buy our car it's about
twenty<00:08:59.760> thousand<00:09:00.120> euro<00:09:00.270> if<00:09:00.570> you<00:09:00.900> failed<00:09:01.170> the
twenty thousand euro if you failed the
twenty thousand euro if you failed the
IQ<00:09:01.589> test<00:09:01.860> they<00:09:01.980> ask<00:09:02.100> you<00:09:02.279> to<00:09:02.370> leave
IQ test they ask you to leave
IQ test they ask you to leave
we<00:09:05.180> then<00:09:05.420> were<00:09:05.779> sort<00:09:06.200> of<00:09:06.290> coined<00:09:06.649> as<00:09:06.860> the<00:09:06.890> guys
we then were sort of coined as the guys
we then were sort of coined as the guys
who<00:09:07.460> run<00:09:07.700> only<00:09:08.149> in<00:09:08.300> small<00:09:08.510> island<00:09:09.080> I<00:09:09.200> know<00:09:09.260> most
who run only in small island I know most
who run only in small island I know most
people<00:09:09.860> don't<00:09:10.010> think<00:09:10.130> of<00:09:10.339> Israel<00:09:10.850> as<00:09:11.000> a<00:09:11.029> small
people don't think of Israel as a small
people don't think of Israel as a small
island<00:09:11.480> but<00:09:11.810> Israel<00:09:12.170> is<00:09:12.350> an<00:09:12.560> island<00:09:12.980> it's
island but Israel is an island it's
island but Israel is an island it's
Transportation<00:09:13.850> Island<00:09:14.149> if<00:09:14.270> your<00:09:14.960> cars
Transportation Island if your cars
Transportation Island if your cars
driving<00:09:15.740> outside<00:09:16.250> Israel<00:09:16.550> it's<00:09:16.640> been<00:09:16.790> stolen
driving outside Israel it's been stolen
driving outside Israel it's been stolen
and<00:09:17.420> so<00:09:17.960> if<00:09:18.260> if<00:09:19.190> you're<00:09:19.550> thinking<00:09:20.240> about<00:09:20.480> it<00:09:20.660> in
and so if if you're thinking about it in
and so if if you're thinking about it in
terms<00:09:20.899> of<00:09:21.440> islands<00:09:22.010> we<00:09:22.760> decided<00:09:23.240> to<00:09:23.300> go<00:09:23.420> to<00:09:23.480> the
terms of islands we decided to go to the
terms of islands we decided to go to the
biggest<00:09:23.779> island<00:09:24.050> we<00:09:24.350> could<00:09:24.500> find<00:09:24.830> and<00:09:24.980> that
biggest island we could find and that
biggest island we could find and that
was<00:09:25.190> Australia<00:09:25.700> the<00:09:26.149> third<00:09:26.360> country<00:09:26.540> we
was Australia the third country we
was Australia the third country we
announced<00:09:27.140> was<00:09:27.290> Australia<00:09:27.709> it's<00:09:27.830> got<00:09:27.980> three
announced was Australia it's got three
announced was Australia it's got three
centres<00:09:28.910> in<00:09:29.649> Brisbane<00:09:30.649> and<00:09:30.680> Melbourne<00:09:30.860> and
centres in Brisbane and Melbourne and
centres in Brisbane and Melbourne and
Sydney<00:09:31.370> and<00:09:31.850> one<00:09:32.330> freeway<00:09:32.810> when<00:09:32.990> electric
Sydney and one freeway when electric
Sydney and one freeway when electric
free<00:09:33.589> where<00:09:33.770> they<00:09:33.860> connect<00:09:34.220> them<00:09:34.430> the<00:09:35.029> next
free where they connect them the next
free where they connect them the next
Island<00:09:35.720> was<00:09:36.350> not<00:09:36.500> too<00:09:36.709> hard<00:09:36.950> to<00:09:37.010> find<00:09:37.310> and<00:09:37.490> that
Island was not too hard to find and that
Island was not too hard to find and that
was<00:09:37.730> Hawaii<00:09:38.000> we<00:09:38.779> decided<00:09:39.110> to<00:09:39.200> come<00:09:39.380> into<00:09:39.560> the
was Hawaii we decided to come into the
was Hawaii we decided to come into the
US<00:09:40.040> and<00:09:40.339> pick<00:09:40.880> the<00:09:41.060> two<00:09:41.240> best<00:09:41.480> places<00:09:41.779> the<00:09:42.529> one
US and pick the two best places the one
US and pick the two best places the one
where<00:09:42.980> you<00:09:43.160> didn't<00:09:43.459> need<00:09:43.580> any<00:09:43.760> arranged
where you didn't need any arranged
where you didn't need any arranged
extension<00:09:44.660> Hawaii<00:09:44.959> you<00:09:45.140> can<00:09:45.320> drive<00:09:45.500> around
extension Hawaii you can drive around
extension Hawaii you can drive around
the<00:09:45.890> island<00:09:45.920> on<00:09:46.310> one<00:09:46.430> battery<00:09:46.640> and<00:09:46.970> if<00:09:47.060> you
the island on one battery and if you
the island on one battery and if you
really<00:09:47.540> have<00:09:47.660> a<00:09:47.690> long<00:09:47.899> day<00:09:48.050> you<00:09:48.110> can<00:09:48.320> switch
really have a long day you can switch
really have a long day you can switch
and<00:09:48.770> keep<00:09:48.860> on<00:09:49.040> driving<00:09:49.190> around<00:09:49.550> the<00:09:49.700> island
and keep on driving around the island
and keep on driving around the island
and<00:09:50.149> the<00:09:50.720> second<00:09:51.110> one<00:09:51.230> was<00:09:51.410> the<00:09:51.500> San<00:09:51.709> Francisco
and the second one was the San Francisco
and the second one was the San Francisco
Bay<00:09:52.250> Area<00:09:52.279> where<00:09:52.520> gavin<00:09:52.940> newsom<00:09:53.020> created<00:09:54.020> a
Bay Area where gavin newsom created a
Bay Area where gavin newsom created a
beautiful<00:09:54.230> policy<00:09:54.830> across<00:09:55.010> all<00:09:55.310> the<00:09:55.430> mayors
beautiful policy across all the mayors
beautiful policy across all the mayors
he<00:09:55.880> decided<00:09:56.270> that<00:09:56.420> he's<00:09:56.660> going<00:09:56.810> to<00:09:56.870> take<00:09:57.020> over
he decided that he's going to take over
he decided that he's going to take over
the<00:09:57.950> state<00:09:58.220> unofficially<00:09:59.000> and<00:09:59.089> then
the state unofficially and then
the state unofficially and then
officially<00:09:59.450> and<00:09:59.870> then<00:10:00.580> created<00:10:01.580> this
officially and then created this
officially and then created this
beautiful<00:10:02.420> region<00:10:02.630> one<00:10:02.959> policy<00:10:03.350> and<00:10:03.740> in<00:10:04.700> San
beautiful region one policy and in San
beautiful region one policy and in San
Francisco<00:10:05.300> Bay<00:10:05.450> and<00:10:05.660> not<00:10:05.750> only<00:10:05.899> do<00:10:06.110> you<00:10:06.170> have
Francisco Bay and not only do you have
Francisco Bay and not only do you have
the<00:10:06.890> highest<00:10:07.190> concentration<00:10:07.760> of<00:10:07.820> Priuses<00:10:08.270> but
the highest concentration of Priuses but
the highest concentration of Priuses but
you<00:10:08.570> also<00:10:08.750> have<00:10:09.200> the<00:10:09.770> perfect<00:10:10.010> range<00:10:10.400> extender
you also have the perfect range extender
you also have the perfect range extender
it's<00:10:11.029> called<00:10:11.300> the<00:10:11.450> other<00:10:11.570> car<00:10:12.100> now<00:10:13.100> as<00:10:13.430> we
it's called the other car now as we
it's called the other car now as we
started<00:10:14.540> scaling<00:10:14.839> it<00:10:15.080> up<00:10:15.200> we<00:10:15.440> looked<00:10:15.650> at<00:10:15.770> what
started scaling it up we looked at what
started scaling it up we looked at what
is<00:10:16.040> the<00:10:16.339> problem<00:10:16.610> to<00:10:17.360> come<00:10:17.570> up<00:10:17.750> to<00:10:17.959> the<00:10:18.080> US<00:10:18.350> why
is the problem to come up to the US why
is the problem to come up to the US why
why<00:10:19.190> is<00:10:19.250> this<00:10:19.490> a<00:10:19.550> big<00:10:19.790> issue<00:10:19.940> and<00:10:20.330> the<00:10:20.810> most
why is this a big issue and the most
why is this a big issue and the most
fascinating<00:10:21.410> thing<00:10:21.890> we've<00:10:22.040> learned<00:10:22.070> is<00:10:22.490> that
fascinating thing we've learned is that
fascinating thing we've learned is that
when<00:10:22.910> you<00:10:23.029> have<00:10:23.209> small<00:10:23.750> problems<00:10:24.260> an
when you have small problems an
when you have small problems an
individual<00:10:25.430> level<00:10:25.550> like<00:10:26.000> the<00:10:26.150> price<00:10:26.360> of
individual level like the price of
individual level like the price of
gasoline<00:10:26.720> to<00:10:27.020> drive<00:10:27.350> every<00:10:27.709> morning<00:10:28.070> you
gasoline to drive every morning you
gasoline to drive every morning you
don't<00:10:28.940> notice<00:10:29.089> it<00:10:29.360> but<00:10:29.450> when<00:10:29.600> the<00:10:29.720> aggregate
don't notice it but when the aggregate
don't notice it but when the aggregate
comes<00:10:30.440> up<00:10:30.650> you're<00:10:31.010> dead<00:10:31.540> all<00:10:32.540> right<00:10:32.720> so<00:10:32.900> the
comes up you're dead all right so the
comes up you're dead all right so the
price<00:10:33.260> of<00:10:33.290> oil<00:10:33.620> much<00:10:34.310> like<00:10:34.690> lots<00:10:35.690> of<00:10:35.870> other
price of oil much like lots of other
price of oil much like lots of other
curves<00:10:36.410> that<00:10:36.589> we've<00:10:36.709> seen<00:10:37.010> goes<00:10:37.670> along<00:10:38.060> a
curves that we've seen goes along a
curves that we've seen goes along a
depletion<00:10:38.600> curve<00:10:38.990> the<00:10:39.230> foundation<00:10:39.830> of<00:10:39.950> this
depletion curve the foundation of this
depletion curve the foundation of this
curve<00:10:40.339> is<00:10:40.520> that<00:10:40.550> we<00:10:40.790> keep<00:10:40.940> losing<00:10:41.360> the<00:10:41.450> wells
curve is that we keep losing the wells
curve is that we keep losing the wells
that<00:10:41.839> are<00:10:41.959> close<00:10:42.170> to<00:10:42.320> the<00:10:42.410> ground<00:10:42.620> and<00:10:42.740> we'll
that are close to the ground and we'll
that are close to the ground and we'll
keep<00:10:42.980> getting<00:10:43.190> wells<00:10:43.580> that<00:10:43.760> are<00:10:43.820> further<00:10:44.360> away
keep getting wells that are further away
keep getting wells that are further away
from<00:10:44.810> the<00:10:44.900> ground<00:10:45.050> he<00:10:45.230> becomes<00:10:45.500> more<00:10:45.709> and<00:10:45.829> more
from the ground he becomes more and more
from the ground he becomes more and more
and<00:10:46.100> more<00:10:46.220> expensive<00:10:46.490> to<00:10:46.700> dig<00:10:46.940> him<00:10:47.029> out<00:10:47.120> now
and more expensive to dig him out now
and more expensive to dig him out now
you<00:10:48.079> think<00:10:48.470> well<00:10:48.680> you<00:10:48.860> know<00:10:48.890> it's<00:10:49.279> been<00:10:49.459> up
you think well you know it's been up
you think well you know it's been up
it's<00:10:49.790> been<00:10:49.940> down<00:10:50.120> it's<00:10:50.300> been<00:10:50.420> up<00:10:50.540> its<00:10:50.690> gonna
it's been down it's been up its gonna
it's been down it's been up its gonna
keep<00:10:51.020> on<00:10:51.200> going<00:10:51.350> up<00:10:51.620> and<00:10:51.800> down<00:10:51.890> here's<00:10:52.490> the
keep on going up and down here's the
keep on going up and down here's the
problem<00:10:53.410> at<00:10:54.410> 147<00:10:55.279> dollars<00:10:55.730> a<00:10:55.760> barrel<00:10:55.940> which<00:10:56.180> we
problem at 147 dollars a barrel which we
problem at 147 dollars a barrel which we
were<00:10:56.480> in<00:10:56.660> six<00:10:56.930> months<00:10:57.200> ago<00:10:57.320> the<00:10:57.589> u.s.<00:10:57.890> spent<00:10:58.250> a
were in six months ago the u.s. spent a
were in six months ago the u.s. spent a
ton<00:10:58.910> of<00:10:58.970> money<00:10:59.060> to<00:10:59.360> get<00:11:00.040> oil<00:11:01.040> then<00:11:01.970> we<00:11:02.120> lost<00:11:02.329> our
ton of money to get oil then we lost our
ton of money to get oil then we lost our
economy<00:11:03.020> we<00:11:03.140> went<00:11:03.320> back<00:11:03.500> down<00:11:03.709> to<00:11:03.740> 47
economy we went back down to 47
economy we went back down to 47
sometimes<00:11:04.850> at<00:11:05.000> 40<00:11:05.270> sometimes<00:11:05.660> it's<00:11:05.810> 50<00:11:06.110> now
sometimes at 40 sometimes it's 50 now
sometimes at 40 sometimes it's 50 now
we're<00:11:07.220> running<00:11:07.339> a<00:11:07.579> stimulus<00:11:08.089> package<00:11:08.270> it's
we're running a stimulus package it's
we're running a stimulus package it's
called<00:11:08.839> a<00:11:08.930> trillion-dollar<00:11:09.380> stimulus
called a trillion-dollar stimulus
called a trillion-dollar stimulus
package<00:11:10.370> we're<00:11:10.490> gonna<00:11:10.610> revive<00:11:11.060> the<00:11:11.270> economy
package we're gonna revive the economy
package we're gonna revive the economy
hopefully<00:11:12.110> it<00:11:12.170> happens<00:11:12.320> between<00:11:12.620> now<00:11:12.829> and
hopefully it happens between now and
hopefully it happens between now and
2015<00:11:13.970> somewhere<00:11:14.690> in<00:11:14.900> that<00:11:15.770> space
2015 somewhere in that space
2015 somewhere in that space
what<00:11:16.800> happens<00:11:17.160> when<00:11:17.310> the<00:11:17.399> economy<00:11:17.880> recovers
what happens when the economy recovers
what happens when the economy recovers
by<00:11:19.310> 2015<00:11:20.310> we<00:11:20.940> would<00:11:21.120> have<00:11:21.240> had<00:11:21.450> at<00:11:22.080> least<00:11:22.220> 250
by 2015 we would have had at least 250
by 2015 we would have had at least 250
million<00:11:23.460> new<00:11:23.760> cars<00:11:24.029> even<00:11:24.270> at<00:11:24.510> the<00:11:24.630> pace<00:11:24.839> were
million new cars even at the pace were
million new cars even at the pace were
going<00:11:25.410> at<00:11:25.560> right<00:11:25.740> now<00:11:25.920> that's<00:11:26.250> another<00:11:26.550> 30
going at right now that's another 30
going at right now that's another 30
percent<00:11:27.390> demand<00:11:27.720> on<00:11:27.839> oil<00:11:28.110> that<00:11:28.740> is<00:11:28.950> another<00:11:29.220> 25
percent demand on oil that is another 25
percent demand on oil that is another 25
million<00:11:30.570> barrels<00:11:30.630> a<00:11:30.930> day<00:11:30.960> that's<00:11:31.290> all<00:11:31.620> the
million barrels a day that's all the
million barrels a day that's all the
u.s.<00:11:32.100> usage<00:11:32.580> today<00:11:34.730> in<00:11:35.730> other<00:11:35.880> words<00:11:36.089> at<00:11:36.330> some
u.s. usage today in other words at some
u.s. usage today in other words at some
point<00:11:36.839> when<00:11:36.959> we've<00:11:37.110> recovered<00:11:37.410> we<00:11:37.709> go<00:11:37.830> up<00:11:38.010> to
point when we've recovered we go up to
point when we've recovered we go up to
the<00:11:38.279> peak<00:11:38.459> and<00:11:38.640> then<00:11:38.730> we<00:11:38.880> do<00:11:39.029> the<00:11:39.180> OPEC
the peak and then we do the OPEC
the peak and then we do the OPEC
stimulus<00:11:40.080> package<00:11:40.440> also<00:11:40.649> known<00:11:40.920> as<00:11:41.070> $200<00:11:41.670> a
stimulus package also known as $200 a
stimulus package also known as $200 a
barrel
barrel
barrel
we<00:11:43.350> take<00:11:43.529> our<00:11:43.680> money<00:11:43.830> and<00:11:44.130> we<00:11:44.279> give<00:11:44.430> it<00:11:44.520> away
we take our money and we give it away
we take our money and we give it away
you<00:11:44.700> know<00:11:44.940> what<00:11:45.060> happens<00:11:45.390> at<00:11:45.480> that<00:11:45.510> point<00:11:45.660> we
you know what happens at that point we
you know what happens at that point we
go<00:11:46.230> back<00:11:46.440> down<00:11:46.709> it's<00:11:47.670> going<00:11:47.820> to<00:11:47.880> go<00:11:47.970> up<00:11:48.149> and
go back down it's going to go up and
go back down it's going to go up and
down<00:11:48.750> and<00:11:49.020> the<00:11:49.080> downs<00:11:49.290> are<00:11:49.440> gonna<00:11:49.560> be<00:11:49.709> much
down and the downs are gonna be much
down and the downs are gonna be much
longer<00:11:50.370> than<00:11:50.550> the<00:11:50.730> ups<00:11:50.910> are<00:11:51.060> gonna<00:11:51.180> be<00:11:51.360> much
longer than the ups are gonna be much
longer than the ups are gonna be much
shorter<00:11:51.810> and<00:11:52.140> that's<00:11:52.800> the<00:11:53.070> difference
shorter and that's the difference
shorter and that's the difference
between<00:11:53.520> problems<00:11:54.270> that<00:11:54.450> are<00:11:54.570> additive<00:11:55.050> like
between problems that are additive like
between problems that are additive like
co2<00:11:55.920> which<00:11:56.640> we<00:11:56.850> go<00:11:57.000> slowly<00:11:57.330> up<00:11:57.630> and<00:11:57.779> then<00:11:57.870> we
co2 which we go slowly up and then we
co2 which we go slowly up and then we
tip<00:11:58.170> and<00:11:58.440> problems<00:11:59.070> that<00:11:59.190> are<00:11:59.279> depletive<00:11:59.850> in
tip and problems that are depletive in
tip and problems that are depletive in
which<00:12:00.630> we<00:12:00.810> lose<00:12:01.080> what<00:12:01.350> we<00:12:01.380> have<00:12:01.680> which
which we lose what we have which
which we lose what we have which
oscillate<00:12:02.970> in<00:12:03.149> the<00:12:03.660> oscillate<00:12:04.110> until<00:12:04.470> we<00:12:04.589> lose
oscillate in the oscillate until we lose
oscillate in the oscillate until we lose
everything<00:12:05.490> we<00:12:05.610> got<00:12:05.760> now<00:12:07.490> we<00:12:08.490> actually<00:12:08.670> looked
everything we got now we actually looked
everything we got now we actually looked
at<00:12:09.480> what<00:12:09.540> the<00:12:09.779> answer<00:12:10.050> would<00:12:10.200> be<00:12:10.260> right
at what the answer would be right
at what the answer would be right
remember<00:12:11.040> in<00:12:11.310> the<00:12:11.399> campaign<00:12:11.910> 1<00:12:12.089> million
remember in the campaign 1 million
remember in the campaign 1 million
hybrid<00:12:13.320> cars<00:12:13.589> by<00:12:14.240> 2015<00:12:15.240> that<00:12:15.470> is<00:12:16.470> 0.5%<00:12:17.310> of<00:12:17.820> the
hybrid cars by 2015 that is 0.5% of the
hybrid cars by 2015 that is 0.5% of the
US<00:12:18.300> oil<00:12:18.510> consumption<00:12:19.790> that<00:12:20.790> is<00:12:20.850> 0.0<00:12:21.839> well
US oil consumption that is 0.0 well
US oil consumption that is 0.0 well
percent<00:12:23.459> of<00:12:23.610> the<00:12:23.700> rest<00:12:23.910> of<00:12:24.029> the<00:12:24.089> world<00:12:25.400> that
percent of the rest of the world that
percent of the rest of the world that
won't<00:12:26.550> do<00:12:26.790> much<00:12:26.940> difference<00:12:27.390> we<00:12:27.839> looked<00:12:28.020> at<00:12:28.140> an
won't do much difference we looked at an
won't do much difference we looked at an
MIT<00:12:28.560> study<00:12:28.920> 10<00:12:29.250> million<00:12:29.580> electric<00:12:30.000> cars<00:12:30.209> on
MIT study 10 million electric cars on
MIT study 10 million electric cars on
the<00:12:30.690> global<00:12:31.020> roads<00:12:31.339> 10<00:12:32.339> million<00:12:32.670> out<00:12:32.880> of<00:12:32.910> 500
the global roads 10 million out of 500
the global roads 10 million out of 500
million<00:12:34.080> we<00:12:34.320> will<00:12:34.470> add<00:12:34.650> between<00:12:34.890> now<00:12:35.190> and<00:12:35.220> then
million we will add between now and then
million we will add between now and then
that<00:12:36.750> is<00:12:36.900> the<00:12:37.050> most<00:12:37.200> pessimistic<00:12:37.620> number<00:12:38.430> you
that is the most pessimistic number you
that is the most pessimistic number you
can<00:12:38.700> have<00:12:38.730> it's<00:12:39.089> also<00:12:39.240> the<00:12:39.450> most<00:12:39.600> optimistic
can have it's also the most optimistic
can have it's also the most optimistic
number<00:12:40.470> because<00:12:40.740> it<00:12:40.860> means<00:12:41.010> we<00:12:41.190> will<00:12:41.339> scale
number because it means we will scale
number because it means we will scale
this<00:12:41.880> industry<00:12:42.390> from<00:12:43.140> a<00:12:43.290> hundred<00:12:43.589> thousand
this industry from a hundred thousand
this industry from a hundred thousand
cars<00:12:44.160> in<00:12:44.339> 2011<00:12:45.120> to<00:12:45.990> 10<00:12:46.200> million<00:12:46.440> cars<00:12:46.860> by<00:12:47.240> 2016
cars in 2011 to 10 million cars by 2016
cars in 2011 to 10 million cars by 2016
a<00:12:48.480> hundred<00:12:49.350> X<00:12:49.700> growth<00:12:50.700> in<00:12:51.360> less<00:12:52.200> than<00:12:52.560> five
a hundred X growth in less than five
a hundred X growth in less than five
years<00:12:53.990> you<00:12:54.990> have<00:12:55.110> to<00:12:55.260> remember<00:12:55.470> that<00:12:55.740> the
years you have to remember that the
years you have to remember that the
world<00:12:56.130> today<00:12:56.250> is<00:12:56.580> bringing<00:12:56.820> in<00:12:57.000> so<00:12:57.209> many<00:12:57.330> cars
world today is bringing in so many cars
world today is bringing in so many cars
we<00:12:57.959> have<00:12:58.170> 10<00:12:58.589> million<00:12:58.830> cars<00:12:59.190> by<00:12:59.490> region<00:12:59.970> that's
we have 10 million cars by region that's
we have 10 million cars by region that's
an<00:13:00.329> enormous<00:13:00.600> amount<00:13:00.930> of<00:13:01.170> cars<00:13:01.579> China<00:13:02.579> is
an enormous amount of cars China is
an enormous amount of cars China is
adding<00:13:03.480> those<00:13:03.630> cars<00:13:03.930> India<00:13:04.790> Russia<00:13:05.790> Brazil<00:13:06.540> we
adding those cars India Russia Brazil we
adding those cars India Russia Brazil we
have<00:13:07.230> all<00:13:07.470> these<00:13:07.620> region<00:13:08.010> Europe<00:13:08.579> has<00:13:08.730> solved
have all these region Europe has solved
have all these region Europe has solved
it<00:13:09.150> they<00:13:09.240> just<00:13:09.270> put<00:13:09.630> tax<00:13:09.810> on<00:13:09.990> gasoline<00:13:10.230> they'll
it they just put tax on gasoline they'll
it they just put tax on gasoline they'll
be<00:13:11.100> the<00:13:11.220> first<00:13:11.400> in<00:13:11.640> line<00:13:11.820> to<00:13:11.850> get<00:13:12.120> off<00:13:12.270> because
be the first in line to get off because
be the first in line to get off because
their<00:13:12.870> prices<00:13:13.260> are<00:13:13.440> high<00:13:13.589> China<00:13:14.430> solves<00:13:14.850> it<00:13:14.970> by
their prices are high China solves it by
their prices are high China solves it by
an<00:13:15.209> edict<00:13:15.360> at<00:13:15.690> some<00:13:15.870> point<00:13:16.079> they'll<00:13:16.230> just
an edict at some point they'll just
an edict at some point they'll just
declare<00:13:16.800> that<00:13:16.980> no<00:13:17.040> gasoline<00:13:17.790> car<00:13:18.029> will<00:13:18.240> come
declare that no gasoline car will come
declare that no gasoline car will come
into<00:13:18.570> a<00:13:18.660> city<00:13:18.870> and<00:13:19.140> that<00:13:19.200> will<00:13:19.350> be<00:13:19.440> it<00:13:19.589> the
into a city and that will be it the
into a city and that will be it the
Indians<00:13:20.730> don't<00:13:20.940> even<00:13:21.180> understand<00:13:21.570> why<00:13:21.959> we
Indians don't even understand why we
Indians don't even understand why we
think<00:13:22.350> of<00:13:22.529> it<00:13:22.620> as<00:13:22.649> a<00:13:22.740> problem<00:13:23.010> because<00:13:23.190> most
think of it as a problem because most
think of it as a problem because most
people<00:13:23.910> in<00:13:23.970> India<00:13:24.270> fill<00:13:24.540> two<00:13:24.750> or<00:13:24.870> three
people in India fill two or three
people in India fill two or three
gallons<00:13:25.440> every<00:13:25.560> time<00:13:25.860> for<00:13:26.640> them<00:13:26.790> to<00:13:26.940> get<00:13:27.060> a
gallons every time for them to get a
gallons every time for them to get a
battery<00:13:27.450> that<00:13:27.600> goes<00:13:27.690> 120<00:13:28.320> miles<00:13:28.529> is<00:13:28.740> an
battery that goes 120 miles is an
battery that goes 120 miles is an
extension<00:13:29.430> on<00:13:29.700> Range
extension on Range
extension on Range
not<00:13:30.220> a<00:13:30.250> reduction<00:13:30.550> in<00:13:30.790> range<00:13:31.350> we're<00:13:32.350> the<00:13:32.470> only
not a reduction in range we're the only
not a reduction in range we're the only
ones<00:13:32.920> who<00:13:33.550> don't<00:13:33.730> have<00:13:33.970> the<00:13:34.120> price<00:13:34.330> set<00:13:34.600> right
ones who don't have the price set right
ones who don't have the price set right
don't<00:13:35.440> have<00:13:35.590> the<00:13:35.680> industry<00:13:36.100> set<00:13:36.310> right<00:13:36.520> don't
don't have the industry set right don't
don't have the industry set right don't
have<00:13:37.360> any<00:13:37.480> incentive<00:13:37.810> to<00:13:38.110> go<00:13:38.260> and<00:13:38.740> resolve<00:13:38.890> it
have any incentive to go and resolve it
have any incentive to go and resolve it
across<00:13:39.640> the<00:13:39.850> u.s.<00:13:40.200> now<00:13:41.200> whereas<00:13:41.650> the<00:13:41.770> car
across the u.s. now whereas the car
across the u.s. now whereas the car
industry<00:13:42.400> on<00:13:42.520> that<00:13:42.730> very<00:13:43.120> interesting<00:13:43.570> the
industry on that very interesting the
industry on that very interesting the
car<00:13:43.810> industry<00:13:44.020> has<00:13:44.230> been<00:13:44.350> focused<00:13:44.830> just<00:13:44.920> on
car industry has been focused just on
car industry has been focused just on
themselves<00:13:45.670> they<00:13:46.420> basically<00:13:46.690> looked<00:13:47.020> at<00:13:47.140> it
themselves they basically looked at it
themselves they basically looked at it
and<00:13:47.470> said<00:13:47.950> Carwin<00:13:48.400> Auto<00:13:48.610> will<00:13:49.000> solve
and said Carwin Auto will solve
and said Carwin Auto will solve
everything<00:13:49.570> within<00:13:50.320> the<00:13:50.680> car<00:13:50.920> itself<00:13:51.700> no
everything within the car itself no
everything within the car itself no
infrastructure<00:13:52.930> no<00:13:53.800> problem<00:13:54.840> we<00:13:55.840> forgot
infrastructure no problem we forgot
infrastructure no problem we forgot
about<00:13:56.230> the<00:13:56.500> entire<00:13:56.950> chain<00:13:57.280> around<00:13:57.670> us<00:13:57.940> all
about the entire chain around us all
about the entire chain around us all
this<00:13:58.410> stuff<00:13:59.410> that<00:13:59.590> happens<00:13:59.980> around<00:14:00.100> we<00:14:00.820> are
this stuff that happens around we are
this stuff that happens around we are
looking<00:14:01.330> at<00:14:01.480> an<00:14:01.600> emergence<00:14:02.170> of<00:14:02.290> a<00:14:02.410> car<00:14:02.650> to<00:14:02.860> zero
looking at an emergence of a car to zero
looking at an emergence of a car to zero
a<00:14:03.490> whole<00:14:03.970> new<00:14:04.210> market<00:14:04.480> a<00:14:04.840> whole<00:14:05.080> new<00:14:05.320> business
a whole new market a whole new business
a whole new market a whole new business
model<00:14:05.770> a<00:14:06.280> business<00:14:06.820> model<00:14:07.150> in<00:14:07.270> which<00:14:07.420> the
model a business model in which the
model a business model in which the
money<00:14:08.170> that<00:14:08.380> is<00:14:08.530> actually<00:14:08.860> coming<00:14:09.220> in<00:14:09.370> to
money that is actually coming in to
money that is actually coming in to
drive<00:14:10.420> the<00:14:10.630> car<00:14:10.840> the<00:14:11.530> minutes<00:14:11.920> the<00:14:12.010> miles<00:14:12.340> if
drive the car the minutes the miles if
drive the car the minutes the miles if
you<00:14:12.730> want<00:14:12.940> that<00:14:13.840> you<00:14:14.230> are<00:14:14.380> all<00:14:14.500> familiar<00:14:14.530> with
you want that you are all familiar with
you want that you are all familiar with
subsidized<00:14:16.330> the<00:14:16.360> price<00:14:16.750> of<00:14:16.930> the<00:14:16.990> car<00:14:17.200> just
subsidized the price of the car just
subsidized the price of the car just
like<00:14:18.400> cell<00:14:18.670> phone<00:14:18.880> you'll<00:14:19.060> pay<00:14:19.270> for<00:14:19.480> the<00:14:19.540> miles
like cell phone you'll pay for the miles
like cell phone you'll pay for the miles
and<00:14:20.080> some<00:14:20.830> of<00:14:20.950> it<00:14:21.070> will<00:14:21.160> go<00:14:21.220> back<00:14:21.490> to<00:14:21.520> the<00:14:21.730> car
and some of it will go back to the car
and some of it will go back to the car
maker<00:14:22.120> some<00:14:22.630> of<00:14:22.780> it<00:14:22.930> will<00:14:23.410> go<00:14:23.560> back<00:14:23.740> to<00:14:23.920> your
maker some of it will go back to your
maker some of it will go back to your
own<00:14:24.190> pocket<00:14:24.610> but<00:14:25.210> our<00:14:25.420> cars<00:14:25.690> are<00:14:25.840> actually
own pocket but our cars are actually
own pocket but our cars are actually
gonna<00:14:26.170> be<00:14:26.320> cheaper<00:14:26.770> than<00:14:26.920> gasoline<00:14:27.460> cars
gonna be cheaper than gasoline cars
gonna be cheaper than gasoline cars
you're<00:14:28.150> looking<00:14:28.420> at<00:14:28.510> a<00:14:28.600> world<00:14:28.810> where<00:14:29.050> cars<00:14:29.590> are
you're looking at a world where cars are
you're looking at a world where cars are
matched<00:14:30.510> with<00:14:31.510> windmills<00:14:31.930> in<00:14:32.380> Denmark<00:14:32.920> we
matched with windmills in Denmark we
matched with windmills in Denmark we
will<00:14:33.220> drive<00:14:33.490> all<00:14:33.790> the<00:14:34.060> cars<00:14:34.270> in<00:14:34.450> Denmark<00:14:35.070> from
will drive all the cars in Denmark from
will drive all the cars in Denmark from
windmills<00:14:36.880> not<00:14:37.690> from<00:14:37.990> oil<00:14:38.170> in<00:14:38.380> Israel
windmills not from oil in Israel
windmills not from oil in Israel
we've<00:14:39.610> asked<00:14:39.940> to<00:14:40.030> put<00:14:40.210> a<00:14:40.240> solar<00:14:40.750> farm<00:14:41.170> in<00:14:41.500> the
we've asked to put a solar farm in the
we've asked to put a solar farm in the
south<00:14:42.550> of<00:14:42.940> Israel<00:14:43.390> and<00:14:44.230> people<00:14:44.530> said<00:14:44.710> oh
south of Israel and people said oh
south of Israel and people said oh
that's<00:14:45.310> a<00:14:45.430> very<00:14:45.460> very<00:14:45.850> large<00:14:46.270> space<00:14:46.600> that
that's a very very large space that
that's a very very large space that
you're<00:14:46.930> asking<00:14:47.170> for<00:14:47.230> we<00:14:47.470> said<00:14:47.650> what<00:14:47.800> if<00:14:47.920> we<00:14:48.070> had
you're asking for we said what if we had
you're asking for we said what if we had
proven<00:14:48.520> that<00:14:48.640> in<00:14:48.790> the<00:14:48.910> same<00:14:49.090> space<00:14:49.360> we<00:14:49.570> found
proven that in the same space we found
proven that in the same space we found
oil<00:14:50.020> for<00:14:50.230> the<00:14:50.320> country<00:14:50.590> for<00:14:50.770> the<00:14:50.830> next<00:14:51.040> hundred
oil for the country for the next hundred
oil for the country for the next hundred
years<00:14:51.340> and<00:14:52.150> I<00:14:52.240> said<00:14:52.300> what<00:14:52.660> we<00:14:52.780> tried<00:14:53.050> there
years and I said what we tried there
years and I said what we tried there
isn't<00:14:53.560> any<00:14:53.680> we<00:14:54.580> said<00:14:54.730> no<00:14:54.850> no<00:14:54.880> but<00:14:55.180> what<00:14:55.300> if<00:14:55.390> we
isn't any we said no no but what if we
isn't any we said no no but what if we
prove<00:14:55.780> it<00:14:55.900> and<00:14:56.020> they<00:14:56.140> say<00:14:56.290> well<00:14:56.440> you<00:14:56.710> can<00:14:56.860> dig
prove it and they say well you can dig
prove it and they say well you can dig
and<00:14:57.190> we<00:14:57.310> decided<00:14:57.610> to<00:14:57.700> dig<00:14:57.940> up<00:14:58.170> instead<00:14:59.170> of
and we decided to dig up instead of
and we decided to dig up instead of
digging<00:14:59.560> down<00:14:59.760> these<00:15:00.760> are<00:15:00.910> perfect<00:15:01.390> matches
digging down these are perfect matches
digging down these are perfect matches
to<00:15:02.500> one<00:15:02.650> another<00:15:02.950> now<00:15:03.960> all<00:15:04.960> you<00:15:05.260> need<00:15:05.290> is<00:15:05.470> about
to one another now all you need is about
to one another now all you need is about
10%<00:15:06.160> of<00:15:06.670> the<00:15:07.330> electricity<00:15:07.870> generated<00:15:07.900> think
10% of the electricity generated think
10% of the electricity generated think
of<00:15:08.950> it<00:15:09.040> as<00:15:09.190> a<00:15:09.220> project<00:15:09.640> that<00:15:09.730> spans<00:15:10.000> over<00:15:10.150> about
of it as a project that spans over about
of it as a project that spans over about
ten<00:15:10.930> years<00:15:11.110> that's<00:15:11.620> 1%<00:15:12.130> a<00:15:12.580> year<00:15:12.910> now<00:15:13.720> when
ten years that's 1% a year now when
ten years that's 1% a year now when
we're<00:15:13.990> looking<00:15:14.110> at<00:15:14.410> solving<00:15:14.860> big<00:15:15.040> problems<00:15:15.090> we
we're looking at solving big problems we
we're looking at solving big problems we
need<00:15:16.240> to<00:15:16.420> start<00:15:16.630> thinking<00:15:16.840> in<00:15:17.170> two<00:15:17.380> numbers
need to start thinking in two numbers
need to start thinking in two numbers
and<00:15:17.950> those<00:15:18.130> are<00:15:18.250> not<00:15:18.430> 20%<00:15:19.180> by<00:15:19.300> 2020<00:15:19.950> the<00:15:20.950> two
and those are not 20% by 2020 the two
and those are not 20% by 2020 the two
numbers<00:15:21.460> are<00:15:21.700> zero<00:15:22.480> as<00:15:22.720> in<00:15:23.200> zero<00:15:23.530> footprint<00:15:24.040> or
numbers are zero as in zero footprint or
numbers are zero as in zero footprint or
zero<00:15:24.670> oil<00:15:24.730> and<00:15:25.170> scale<00:15:26.170> at<00:15:26.380> infinity<00:15:27.210> and<00:15:28.210> when
zero oil and scale at infinity and when
zero oil and scale at infinity and when
we<00:15:28.540> go<00:15:28.660> to<00:15:28.690> cop<00:15:28.990> 15<00:15:29.410> at<00:15:29.560> the<00:15:29.620> end<00:15:29.770> of<00:15:29.860> this<00:15:29.950> year
we go to cop 15 at the end of this year
we go to cop 15 at the end of this year
we<00:15:30.280> can't<00:15:30.550> stop<00:15:30.820> thinking<00:15:31.270> at<00:15:31.420> patting<00:15:31.840> co2<00:15:32.200> we
we can't stop thinking at patting co2 we
we can't stop thinking at patting co2 we
have<00:15:32.620> to<00:15:32.740> start<00:15:32.980> thinking<00:15:33.250> about<00:15:33.340> giving
have to start thinking about giving
have to start thinking about giving
kickers<00:15:34.330> to<00:15:34.480> countries<00:15:34.840> that<00:15:34.900> are<00:15:34.990> willing<00:15:35.200> to
kickers to countries that are willing to
kickers to countries that are willing to
go<00:15:35.590> to<00:15:35.620> this<00:15:35.890> kind<00:15:36.100> of<00:15:36.250> scale<00:15:36.540> one<00:15:37.540> car<00:15:37.870> emits
go to this kind of scale one car emits
go to this kind of scale one car emits
four<00:15:38.650> tonnes<00:15:38.920> and<00:15:39.100> actually<00:15:39.460> 700<00:15:40.450> and<00:15:40.600> change
four tonnes and actually 700 and change
four tonnes and actually 700 and change
million<00:15:41.170> cars<00:15:41.410> today<00:15:41.650> I'm<00:15:41.860> a<00:15:41.980> at<00:15:42.040> 2.8<00:15:42.760> billion
million cars today I'm a at 2.8 billion
million cars today I'm a at 2.8 billion
tons<00:15:43.559> of<00:15:43.709> co2<00:15:44.009> that's<00:15:44.339> in<00:15:44.879> the<00:15:45.119> additive<00:15:45.629> about
tons of co2 that's in the additive about
tons of co2 that's in the additive about
25%<00:15:46.889> of<00:15:46.949> our<00:15:47.009> problem<00:15:47.339> cars<00:15:47.579> and<00:15:47.759> trucks<00:15:47.939> add
25% of our problem cars and trucks add
25% of our problem cars and trucks add
up<00:15:48.329> to<00:15:48.449> about<00:15:48.509> 25%<00:15:49.379> of<00:15:49.410> the<00:15:49.499> world's<00:15:49.799> co2
up to about 25% of the world's co2
up to about 25% of the world's co2
emissions<00:15:51.259> we<00:15:52.259> have<00:15:52.499> to<00:15:52.709> come<00:15:52.859> and<00:15:53.009> attack
emissions we have to come and attack
emissions we have to come and attack
this<00:15:53.429> problem<00:15:53.609> with<00:15:54.569> a<00:15:54.599> focus<00:15:55.229> with<00:15:55.439> an<00:15:55.529> effort
this problem with a focus with an effort
this problem with a focus with an effort
that<00:15:56.099> actually<00:15:56.399> says<00:15:56.579> we're<00:15:56.729> gonna<00:15:56.789> go<00:15:57.059> to
that actually says we're gonna go to
that actually says we're gonna go to
zero<00:15:57.539> before<00:15:58.439> the<00:15:58.739> world<00:15:58.919> ends<00:15:59.189> I<00:15:59.339> actually
zero before the world ends I actually
zero before the world ends I actually
share<00:16:01.199> that<00:16:01.409> with<00:16:01.559> some<00:16:01.769> legislators<00:16:02.609> here<00:16:03.119> in
share that with some legislators here in
share that with some legislators here in
the<00:16:03.299> US<00:16:03.539> I<00:16:03.720> shared<00:16:03.959> it<00:16:04.109> with<00:16:04.139> with<00:16:04.949> a<00:16:04.979> gentleman
the US I shared it with with a gentleman
the US I shared it with with a gentleman
called<00:16:06.029> Bobby<00:16:06.209> Kennedy<00:16:06.659> Jr<00:16:06.959> who's<00:16:07.169> one<00:16:07.559> of<00:16:07.679> my
called Bobby Kennedy Jr who's one of my
called Bobby Kennedy Jr who's one of my
idols<00:16:07.979> and<00:16:08.339> I<00:16:08.999> told<00:16:09.209> him<00:16:09.359> one<00:16:09.509> of<00:16:09.659> the<00:16:09.720> reasons
idols and I told him one of the reasons
idols and I told him one of the reasons
that<00:16:10.139> his<00:16:11.069> uncle<00:16:11.489> was<00:16:11.749> remember<00:16:12.749> it<00:16:12.839> is
that his uncle was remember it is
that his uncle was remember it is
because<00:16:13.259> he<00:16:13.829> said<00:16:14.069> we're<00:16:14.220> gonna<00:16:14.309> send<00:16:14.609> a<00:16:14.729> man
because he said we're gonna send a man
because he said we're gonna send a man
to<00:16:14.939> the<00:16:15.089> moon
to the moon
to the moon
and<00:16:15.929> we'll<00:16:16.049> do<00:16:16.169> it<00:16:16.199> by<00:16:16.529> the<00:16:16.829> end<00:16:17.039> of<00:16:17.099> the<00:16:17.189> decade
and we'll do it by the end of the decade
and we'll do it by the end of the decade
we<00:16:17.579> didn't<00:16:17.789> say<00:16:17.939> we're<00:16:18.119> gonna<00:16:18.209> send<00:16:18.509> a<00:16:18.599> man<00:16:18.749> 20%
we didn't say we're gonna send a man 20%
we didn't say we're gonna send a man 20%
to<00:16:20.279> the<00:16:20.309> moon<00:16:20.519> and<00:16:20.699> they'll<00:16:20.789> be<00:16:20.879> about<00:16:21.059> 20%
to the moon and they'll be about 20%
to the moon and they'll be about 20%
chance<00:16:21.869> we'll<00:16:22.109> recover<00:16:22.439> him<00:16:25.189> he<00:16:26.189> actually
chance we'll recover him he actually
chance we'll recover him he actually
shared<00:16:26.669> with<00:16:26.789> me<00:16:26.970> another<00:16:27.239> story<00:16:27.599> which<00:16:27.779> is
shared with me another story which is
shared with me another story which is
from<00:16:28.319> about<00:16:28.499> 200<00:16:28.979> years<00:16:29.099> ago<00:16:29.479> 200<00:16:30.479> years<00:16:30.659> ago
from about 200 years ago 200 years ago
from about 200 years ago 200 years ago
in<00:16:31.499> Parliament<00:16:32.159> in<00:16:32.279> Great<00:16:32.639> Britain<00:16:32.789> there<00:16:33.689> was
in Parliament in Great Britain there was
in Parliament in Great Britain there was
a<00:16:33.869> long<00:16:34.109> argument<00:16:34.470> over<00:16:35.449> economy<00:16:36.449> versus
a long argument over economy versus
a long argument over economy versus
morality<00:16:37.319> 25<00:16:38.220> percent<00:16:38.699> just<00:16:38.999> like<00:16:39.089> 25<00:16:39.720> percent
morality 25 percent just like 25 percent
morality 25 percent just like 25 percent
emissions<00:16:40.470> today<00:16:40.619> comes<00:16:41.220> from<00:16:41.309> cars<00:16:41.609> 25
emissions today comes from cars 25
emissions today comes from cars 25
percent<00:16:43.049> of<00:16:43.259> their<00:16:44.069> energy<00:16:44.099> for<00:16:44.729> the<00:16:44.819> entire
percent of their energy for the entire
percent of their energy for the entire
industrial<00:16:45.689> world<00:16:45.869> in<00:16:46.049> in<00:16:46.349> the<00:16:46.470> UK<00:16:46.769> came<00:16:47.609> from
industrial world in in the UK came from
industrial world in in the UK came from
a<00:16:48.059> source<00:16:48.299> of<00:16:48.479> energy<00:16:48.659> that<00:16:49.049> was<00:16:49.289> immoral
a source of energy that was immoral
a source of energy that was immoral
human<00:16:50.850> slaves<00:16:51.149> and<00:16:52.139> there<00:16:52.259> was<00:16:52.350> an<00:16:52.439> argument
human slaves and there was an argument
human slaves and there was an argument
should<00:16:53.639> we<00:16:53.789> stop<00:16:54.149> using<00:16:54.569> slaves<00:16:55.019> and<00:16:55.350> what
should we stop using slaves and what
should we stop using slaves and what
would<00:16:55.919> it<00:16:56.039> do<00:16:56.129> to<00:16:56.159> our<00:16:56.399> economy<00:16:56.850> and<00:16:56.939> people
would it do to our economy and people
would it do to our economy and people
say<00:16:57.329> what<00:16:57.479> we<00:16:57.600> need<00:16:57.749> to<00:16:57.839> take<00:16:57.989> time<00:16:58.319> to<00:16:58.529> do<00:16:58.679> it
say what we need to take time to do it
say what we need to take time to do it
let's<00:16:59.519> not<00:16:59.699> do<00:16:59.879> it<00:16:59.970> immediately
let's not do it immediately
let's not do it immediately
maybe<00:17:00.959> we<00:17:01.139> free<00:17:01.409> the<00:17:01.559> kids<00:17:01.769> and<00:17:01.979> keep<00:17:02.129> the
maybe we free the kids and keep the
maybe we free the kids and keep the
slaves<00:17:02.600> and<00:17:04.039> after<00:17:05.039> a<00:17:05.069> month<00:17:05.370> of<00:17:05.490> arguments
slaves and after a month of arguments
slaves and after a month of arguments
they<00:17:06.059> decided<00:17:06.539> to<00:17:06.569> stop<00:17:06.899> slavery<00:17:07.439> and<00:17:07.649> the
they decided to stop slavery and the
they decided to stop slavery and the
Industrial<00:17:08.519> Revolution<00:17:08.549> started<00:17:09.209> within
Industrial Revolution started within
Industrial Revolution started within
less<00:17:09.779> than<00:17:09.809> one<00:17:10.139> year<00:17:10.350> in<00:17:10.559> the<00:17:11.309> UK<00:17:11.610> had<00:17:11.850> a
less than one year in the UK had a
less than one year in the UK had a
hundred<00:17:12.329> years<00:17:12.539> of<00:17:12.600> economic<00:17:12.899> growth<00:17:14.329> we<00:17:15.329> have
hundred years of economic growth we have
hundred years of economic growth we have
to<00:17:16.529> make<00:17:16.740> the<00:17:17.189> right<00:17:17.339> moral<00:17:17.730> decision<00:17:18.299> we<00:17:18.870> have
to make the right moral decision we have
to make the right moral decision we have
to<00:17:19.289> make<00:17:19.470> it<00:17:19.759> immediately<00:17:20.759> we<00:17:21.419> need<00:17:21.600> to<00:17:21.720> have
to make it immediately we need to have
to make it immediately we need to have
presidential<00:17:22.769> leadership<00:17:22.889> just<00:17:23.370> like<00:17:23.579> we<00:17:23.730> had
presidential leadership just like we had
presidential leadership just like we had
in<00:17:24.179> Israel<00:17:24.659> that<00:17:24.809> said<00:17:25.019> we<00:17:25.199> were<00:17:25.350> Ndoye<00:17:25.829> 'el
in Israel that said we were Ndoye 'el
in Israel that said we were Ndoye 'el
and<00:17:27.059> we<00:17:27.839> need<00:17:28.019> to<00:17:28.169> do<00:17:28.319> it<00:17:28.549> not<00:17:29.549> within<00:17:29.820> 20<00:17:30.269> years
and we need to do it not within 20 years
and we need to do it not within 20 years
or<00:17:30.720> 50<00:17:31.200> years<00:17:31.379> but<00:17:31.620> within<00:17:32.090> this<00:17:33.090> presidential
or 50 years but within this presidential
or 50 years but within this presidential
term<00:17:34.110> because<00:17:34.980> if<00:17:35.129> we<00:17:35.250> don't<00:17:36.019> we<00:17:37.019> will<00:17:37.110> lose
term because if we don't we will lose
term because if we don't we will lose
our<00:17:37.559> economy<00:17:38.070> right<00:17:38.879> after<00:17:39.240> we<00:17:39.360> lost<00:17:39.539> our
our economy right after we lost our
our economy right after we lost our
morality<00:17:40.019> thank<00:17:40.980> you<00:17:41.100> all<00:17:41.220> very<00:17:41.250> much
you
Shai Agassi, Better, Place, zero, emissions, cars, clean, energy, gas, dependency, hybrid, hybrid, car, TED, TED, Talk, TEDEducation, TED-Ed, Ed, electric car
